#数字资产动态追踪 BCH has a chance for a steady rebound this wave
The strategy is quite simple and direct—buy low around $640, aiming for $665. Use 6x leverage, set stop-loss at $625, and give it a 48-hour timeframe.
Why are we optimistic? The technical picture is generally solid. The price at $644.3 is now above the key moving averages across multiple timeframes (1-hour, 4-hour, daily EMA and SMA), confirming a strong bullish structure. The 4-hour RSI is at 65.11, indicating a somewhat strong momentum, and the MACD histogram is at +3.24, still in positive territory; on the daily chart, RSI is at 62.59, healthy with no overbought signals, and MACD histogram is also positive at +3.72. Multiple timeframes resonating bullishly provide a consistent signal.
On the 1-hour chart, the RSI at 52.95 suggests a short-term consolidation is needed, and the MACD histogram is slightly negative at -1.26, hinting at a possible pullback toward $640 (SMA50 support above $630). This presents a good low-entry opportunity. Currently, the price is near the middle band of the 1-hour Bollinger Bands at $646.85; a pullback to $640 can be followed, with an upward target hitting the 4-hour upper Bollinger Band at $664.
Market sentiment also looks healthy. Open interest at $907M is growing modestly by +1.15%, indicating orderly capital inflow without signs of excessive leverage. Regarding liquidation data, shorts have been liquidated for $1.84M, while longs only for $0.18M, with short positions accounting for 91%, suggesting sellers are exiting, which clears the way for upward movement.
Risk management details: set a stop-loss at $625, below the 1-hour lower Bollinger Band at $636.45. A break below this level indicates the uptrend is broken, and a stop should be triggered. The take-profit target is $665, close to the 4-hour upper Bollinger Band at $664. After reaching this level, consider taking 60% profit and holding the rest to see if the trend continues. Additionally, if BTC breaks above $92,000, consider adding positions targeting $680.
Overall, the risk-reward ratio is favorable, suitable for conservative traders. $BCH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
6
Repost
Share
Comment
0/400
WalletWhisperer
· 01-07 00:34
honestly the liquidation asymmetry here is almost too clean... 91% shorts getting flushed out while longs barely twitch? that's not coincidence, that's a structural tell. the whale clustering around $640 reeks of accumulation phase psychology—they know something about price discovery that retail hasn't priced in yet.
Reply0
AlphaWhisperer
· 01-06 22:44
The 640 level is really a good opportunity for a low buy-in. The bears have been wiped out by 91%, and the sellers are already exiting. The bullish structure is very clear, just go for it.
View OriginalReply0
ColdWalletGuardian
· 01-04 13:27
The short positions being wiped out so much is indeed quite interesting.
View OriginalReply0
MemeEchoer
· 01-04 13:10
640 over there is indeed pretty good. The short positions have been crushed so much, so the probability of it rising later is still quite high.
View OriginalReply0
MetaverseMortgage
· 01-04 13:10
Entering at 640 is really comfortable; seeing so many shorts get wiped out just shows there's an opportunity.
#数字资产动态追踪 BCH has a chance for a steady rebound this wave
The strategy is quite simple and direct—buy low around $640, aiming for $665. Use 6x leverage, set stop-loss at $625, and give it a 48-hour timeframe.
Why are we optimistic? The technical picture is generally solid. The price at $644.3 is now above the key moving averages across multiple timeframes (1-hour, 4-hour, daily EMA and SMA), confirming a strong bullish structure. The 4-hour RSI is at 65.11, indicating a somewhat strong momentum, and the MACD histogram is at +3.24, still in positive territory; on the daily chart, RSI is at 62.59, healthy with no overbought signals, and MACD histogram is also positive at +3.72. Multiple timeframes resonating bullishly provide a consistent signal.
On the 1-hour chart, the RSI at 52.95 suggests a short-term consolidation is needed, and the MACD histogram is slightly negative at -1.26, hinting at a possible pullback toward $640 (SMA50 support above $630). This presents a good low-entry opportunity. Currently, the price is near the middle band of the 1-hour Bollinger Bands at $646.85; a pullback to $640 can be followed, with an upward target hitting the 4-hour upper Bollinger Band at $664.
Market sentiment also looks healthy. Open interest at $907M is growing modestly by +1.15%, indicating orderly capital inflow without signs of excessive leverage. Regarding liquidation data, shorts have been liquidated for $1.84M, while longs only for $0.18M, with short positions accounting for 91%, suggesting sellers are exiting, which clears the way for upward movement.
Risk management details: set a stop-loss at $625, below the 1-hour lower Bollinger Band at $636.45. A break below this level indicates the uptrend is broken, and a stop should be triggered. The take-profit target is $665, close to the 4-hour upper Bollinger Band at $664. After reaching this level, consider taking 60% profit and holding the rest to see if the trend continues. Additionally, if BTC breaks above $92,000, consider adding positions targeting $680.
Overall, the risk-reward ratio is favorable, suitable for conservative traders. $BCH