📈 Bitcoin Cash (BCH): Between Fear and Opportunity

Market Capitalization: $11.09B.

Bitcoin Cashï»ż isn't just a Bitcoin fork, but an independent payment instrument with an increased block size, designed for fast and cheap transactions.

🟡 BCH positions itself as "electronic cash" in the most literal sense of the word.

What's happening now❔

🗣The crypto market is going through a period of nervousness: the Fear and Greed Index sits in the "extreme fear" zone, while Bitcoin and Ethereum are trying to hold key support levels.

🗣In such conditions, altcoins, including BCH, are experiencing additional pressure. Nevertheless, Bitcoin Cash is demonstrating relative resilience: over the past 24 hours, the coin showed modest growth against the backdrop of general negativity.

🗣It's worth noting that BCH liquidations totaled around $784K — a moderate figure, suggesting an absence of panic among major market participants. Trading volume remains at $374M per day, indicating sustained interest in the asset.

Trade guidelines:📈📉

📈 Consolidation above $584 - opens the path to $627.

📉 Break below $548 - risk of correction toward $500.

Conclusion:

BCH is holding up well during a period of market uncertainty. Fear periods have historically become entry points for patient investors.

📈 Open trade with $BCH

BCH
BCHUSDT
561.51
-0.71%

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