$BCH $BTTC $BTC 📊 BCH / USDT | Bounce After Healthy Correction ⚡
💰 Current Price: 534.6$
📈 Today's Performance: +10.14%
⏱ Time Frame: 4H
🏷 Classification: POW
🔍 Technical Analysis from the Chart:
Rapid decline followed by a clear bounce from the $500 area ⬆️
Strong reversal candle with noticeable increase in volume → Liquidity entry
RSI at 44.18
➜ Exited oversold areas and indicates the possibility of continued bounce
MACD shows an attempt at a positive crossover after strong selling pressure
🧱 Important Technical Levels:
Main Support: 500$
Secondary Support: 470$
Nearby Resistance: 560$
Strong Resistance: 600$
Next Resistance: 650$
🎯 Positive Scenario:
Staying above 520$
Breaking 560$ with a clear close
➡️ Targeting 600$ → 650$ 🚀
⚠️ Cautious Scenario:
Losing 500$ may bring the price back to test 470$
Any drop currently without breaking support = Healthy Correction
📌 Marketing Summary: Bitcoin Cash proves once again that it is strongly present 💪
The bounce came from a sensitive level
And the market is watching the upcoming breakout 👀
⏳ Opportunities are created during fear… not after the rise
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