VIP MARKET UPDATE: $BCH
BCHUSDT
Perp
463.85
-1.08%
➖➖➖➖➖➖➖
$BCH is still trading inside the broader ascending channel, and price is now pushing back around the 465.5 area after reacting from the lower side near 458. That bounce matters because the market is once again showing buyers are willing to defend the structure instead of letting price break down through support.
As long as Bitcoin Cash keeps holding above the lower boundary of the channel and builds around 458 to 465, this still looks like a normal reaction within structure. If buyers keep control here, another move toward the upper half of the channel remains possible, while losing this support would be the first sign that the structure is starting to weaken.
➖➖➖➖➖➖➖