$BCH showing early signs of a structural shift on the daily timeframe.
After a sharp downside sweep and strong reaction from demand, BCH reclaimed mid-range structure and is now consolidating near resistance around the $540–$560 region. The bounce came with strong impulse candles, suggesting buyers stepped in aggressively.
Price is currently hovering around $557, holding above the 200MA zone, which strengthens the short-term bullish case. As long as BCH maintains higher lows above the $520–$530 support region, upside continuation remains valid.
If resistance breaks with volume, the next expansion leg could target the $650–$700 range. Failure to hold recent higher lows could send price back toward the $500 demand block.
Momentum is improving. Structure is attempting to flip.
Is BCH preparing for a sustained breakout, or is this just a relief rally before resistance pushes back again?