Lower timeframe confirms bearish continuation after supply rejection. Price is making lower highs and lower lows, trading below key moving averages and stuck under intraday supply.
🔴 Intraday Supply / Resistance
*555 – 565:** Strong 1H supply (multiple rejections)
*580 – 590:** Upper supply + MA resistance (sell-on-rally zone)
🔵 Intraday Demand / Support
*500 – 510:** Weak bounce area (already tapped)
*470 – 485:** Strong demand (HTF-aligned, high reaction zone)
*450 – 460:** Extreme demand (capitulation risk)
📉 Structure & Momentum
Clear *bearish structure** (LH → LL)
Price below *VWAP / short-term MAs**
RSI hovering *below 50** → sellers in control, no bullish divergence
🎯 Trade Bias (1H)
*Primary:** Sell pullbacks into 555–565
SL: Above *575**
TP: *515 → 485**
*Counter-trend long:** Only from 470–485 with confirmation (quick scalp)
Summary:
On the 1H, BCH remains sell-the-rally until price reclaims 575+ with volume. Best reactions expected near 470–485; anything below that opens a fast move toward 460.
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