$BCH USDT Perp

Rejected hard at 585.66 and momentum fading fast. Price slipping below short-term EMAs with weak relief bounces. Clear lower high printed. Sellers pressing and structure shifting into distribution. Bears testing full control.

If 568–570 support cracks, downside rotation can expand aggressively. Break below 560 opens room for acceleration toward deeper liquidity.

Trade Setup

EP: 568 – 572

TP1: 560

TP2: 548

TP3: 530

SL: 586

Bias: Bearish below 585

Structure: Lower highs after rejection

Risk: Invalidation on clean break above 586

Stay disciplined. Trade the pressure.