#BCH has broken down from its rising structure and is now testing the key 520,540 demand zone, which previously acted as a strong base for continuation. This area could spark a short-term relief bounce, but the sharp rejection from the 625,660 resistance cluster signals distribution at the highs. As long as price stays below 580,600, the broader bias remains corrective. A daily close below ~520 would expose deeper downside toward the mid-480s, while holding this zone and reclaiming 580 would be needed to #shift momentum back bullish. #crypto
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#BCH has broken down from its rising structure and is now testing the key 520,540 demand zone, which previously acted as a strong base for continuation. This area could spark a short-term relief bounce, but the sharp rejection from the 625,660 resistance cluster signals distribution at the highs. As long as price stays below 580,600, the broader bias remains corrective. A daily close below ~520 would expose deeper downside toward the mid-480s, while holding this zone and reclaiming 580 would be needed to #shift momentum back bullish. #crypto