Technical Snapshot: $BCH 4h Bearish Setup
$BCH remains in a bearish trend on the 4h chart, trading below its recent equilibrium with lower highs and lows. Price hovers near key support at approximately 462, while resistance emerges near 504.
Should $BCH break decisively below 462 without bullish reversal signals, downside continuation toward around 443 and 431 is likely. Alternatively, a confirmed reversal off 462 targeting resistance near 504 could offer a counter-trend move. The prevailing bias stays bearish until $BCH reclaims and sustains above 504, signaling potential trend shift. This is only a market study, not financial advice.
This note is abridged. The full analysis with TP/SL/entry levels and advanced setups is inside the Finora Telegram bot.
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