Bitcoin Cash is transitioning from an uptrend into a corrective phase. Price has lost its rising channel and is now trading below key resistance, signaling weakening bullish control.
🔴 Key Resistance (Sell Zones)
*560 – 575:** Prior support flipped to resistance; strong rejection area
*600 – 607:** Higher-timeframe supply zone
*655 – 672:** Major distribution zone (bull-trap risk)
🔵 Key Support (Buy Zones)
*505 – 515:** Local support (already tested, weak)
*470 – 485:** Strong daily demand zone
*445 – 460:** Major higher-timeframe demand (trend-defining level)
📉 Structure & Momentum
Rising channel *broken**
Price trading *below supply**
RSI ~*40**, no bullish divergence → bearish momentum still active
🎯 Trade Bias
*Primary bias:** Sell rallies into resistance
*Bullish only if:** Daily close and hold above 600
Summary:
As long as BCH stays below 600, the path of least resistance remains down or sideways, with downside targets toward the 470–460 demand zone.
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