2026-01-17 08:22:31

The technical outlook for BCH is now very clear—short-term has clearly turned bearish.

The price has already broken below MA5 (602.7), MA10 (619.9), and MA20 (618.2); all three short-term moving averages are now bearish, forming a very standard bearish pattern. After reaching the high of 669.6 and then rebounding, the momentum has weakened, which now clearly acts as a resistance level.

More importantly, during the decline, the trading volume increased, indicating what? Longs are stopping out and panic selling is happening wave after wave. Under these circumstances, the short-term pressure remains quite heavy.

If you want to participate in this trend, the entry zone can be around 590-605. The stop-loss is set at 612; a break above MA10 would indicate a strong rebound, and you should exit. The first support below is at 580 (MA60 level), and further down is 565.

This strategy is to take advantage of the insufficient rebound strength, waiting for the right entry points to short.

BCH-0.44%

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GateUser-9ad11037

· 2h ago

It has fallen below the moving average again, and this time it really looks like it's heading down. The bearish trend is already very clear; let's wait and see around 590. With such a clear moving average arrangement, there's really no upward room in the short term. An increase in trading volume indicates that something big is happening; the bulls are really fleeing. If 612 can't be broken, I'll enter a short position; the rebound is too weak. Can it reach 580 after this wave? It feels like it could be even more intense.

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WhaleWatcher

· 4h ago

The short position setup is so standard, setting the stop loss at 612 is indeed quite prudent, but I'll still wait and see, afraid of a rebound trapping the line.

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OnChainDetective

· 4h ago

Hmm... I've been watching the 605 level for three days. There is indeed unusual activity in the trading volume data, and I feel that big players are gradually building short positions behind the scenes.

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ser_ngmi

· 4h ago

The bearish alignment is so obvious that the bulls have already run away. Now it's just waiting for the rebound to crash.

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NotFinancialAdviser

· 4h ago

The bearish alignment is so clear, are the bulls really out of options? The breakdown is indeed accelerating, and the trading volume is catching up. This drop is quite fierce. Around 590 is indeed a sniping point, but I want to see if the trading volume can continue to shrink. That position at 669 is no longer reachable; now it's just waiting for a rebound to crash. The stop-loss at 612 still needs to be disciplined; otherwise, losses will come even faster. I'm afraid to move the bottom at 565; being too greedy.

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SolidityStruggler