BCH's recent trend is indeed worth paying attention to. Based on data from the past two days, the declines are 7% and 3%, which are quite prominent in the overall market uptrend.
Observing the candlestick structure, the upward cycle of more than half a year seems to have come to an end. From a technical perspective, the price has clearly entered a downtrend channel, with both short-term and medium-term indicators weakening. This counter-trend decline usually indicates that there is still room for further adjustment.
From the current technical pattern, the downward pressure has not been fully released. If the trend continues to weaken, caution should be exercised regarding the subsequent performance of this asset. Short-term rebounds may just be technical corrections, with a higher probability of the main trend continuing downward.
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BCH's recent trend is indeed worth paying attention to. Based on data from the past two days, the declines are 7% and 3%, which are quite prominent in the overall market uptrend.
Observing the candlestick structure, the upward cycle of more than half a year seems to have come to an end. From a technical perspective, the price has clearly entered a downtrend channel, with both short-term and medium-term indicators weakening. This counter-trend decline usually indicates that there is still room for further adjustment.
From the current technical pattern, the downward pressure has not been fully released. If the trend continues to weaken, caution should be exercised regarding the subsequent performance of this asset. Short-term rebounds may just be technical corrections, with a higher probability of the main trend continuing downward.