BCHUSDT
On the daily timeframe, the price after the recent rise has entered a clear correction phase after rejection from the recent peaks. Technically, breaking the nearby bottom has made a slight structural change (CHoCH) and has caused the current movement to lean towards fluctuation instead of continuing to rise. The price is currently trading around a pivotal area that was support and has turned into resistance, and as long as the closing is below it, the likelihood of continuing the correction remains, with the possibility of re-testing the lower demand areas. However, regaining the area and closing daily above it would restore positivity and open the door for a new attempt to rise. At this stage, it is best to proceed with caution and wait for clearer confirmation from the market.