BCH/USD - Market Position Update



The short position initiated earlier is showing solid gains at the moment. Looking at the chart setup, $575 represents a critical support zone underneath, which suggests the pair might consolidate around this level for a while before making the next significant move. This area has been holding key interest from traders watching for potential bounce or further breakdown scenarios.
BCH-1.56%
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CryptoDouble-O-Sevenvip
· 2h ago
This hurdle must be guarded well, otherwise it will break...
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SilentObservervip
· 2h ago
Is this 575 level really that hard? It feels like we have to test it repeatedly here in the short term.
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PumpStrategistvip
· 2h ago
575 is really an interesting level, and the chip distribution shows it clearly. But don't forget to look at the Trading Volume, everyone. Just staring at the support level and wanting to buy the dip is typical sucker thinking. I've said long ago that this pattern won't be valid until the risks are fully released.
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VCsSuckMyLiquidityvip
· 2h ago
The position at 575 is really stuck, it feels like it will either rebound or break directly, with no middle path.
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SatoshiHeirvip
· 3h ago
It should be noted that the reasoning logic of the support level $575 is open to discussion. Based on on-chain data, the historical trading dense area is the true pricing foundation, rather than purely technical aspects. It is recommended to return to the original thinking of Satoshi Nakamoto's White Paper — value consensus determines the bottom, not charts.
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ZeroRushCaptainvip
· 3h ago
This defense line of 575... I bet 50 cents, next week I'll break through it for you. Unrealized gains on short positions, right? Same old trick, the profits in hand will never run away.
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Lonely_Validatorvip
· 3h ago
This level of 575 really needs to be monitored closely, but to be honest, making this little money from shorting doesn't seem meaningful, right? It feels like it's about to break out.
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