$BCH USDT.P — Slipping Toward 490 Support 📉 Breakdown or Reclaim?

On the 4H chart, Bitcoin Cash is gradually bleeding lower after failing to hold above the 540–550 region. Lower highs are forming, and price is now sitting around 499–500, a psychological and structural level.

Momentum is weak. Buyers have not shown strong follow-through yet.

📊 Market Structure

• Clear 4H downtrend

• Repeated rejection from 540 zone

• Lower highs + pressure building

• Testing 490–500 support band

This is a decision area.

🔴 Primary Bias — Bearish Continuation

If 4H closes below 490, breakdown likely extends.

📍 Entry: Below 490

🎯 TP1: 470

🎯 TP2: 450

🎯 TP3: 420

🛑 SL: 510

Loss of 490 opens space toward previous liquidity pocket near 450.

Trade here $BCH

BCHUSDT

Perp

547.17

+9.55%