$BCH
We got that sharp flush into the 560 zone, right where fear peaks and patience runs thin. Sell side liquidity was sitting there like bait, and price went straight for it. Late shorts jumped in, weak longs got shaken out… and then boom — instant rejection. Long lower wicks, fast reclaim above 590, and suddenly the story flipped. That’s not weakness. That’s absorption.
This isn’t a breakdown. This is a pullback inside a bigger range after a strong impulse. Once liquidity below the recent swing lows around 565 was taken, selling pressure dried up fast. Buyers stepped in with confidence, not hesitation, and price rotated back into value like it was meant to be there all along.
The sweet spot sits between 585 and 570 — that demand pocket formed right after the flush. If price dips into that zone, it’s not panic territory, it’s opportunity. As long as we stay above 550, the idea stays clean. Acceptance below that level would change the narrative, but until then, the market is telling a different story.
Upside makes sense. First stop around 610 where partials are smart — range midpoint and first resistance. If momentum keeps building, 640 comes into play, followed by 670 where external liquidity above the range highs is waiting to be tested.
This move down wasn’t random. It was designed to trap, reset, and rotate. The shakeout already happened. Now it’s about follow through.
I’m watching this one closely. Rotation feels ready.#TrumpTariffsOnEurope #GoldSilverAtRecordHighs #BTCVSGOLD #BinanceHODLerBREV #CPIWatch