2026-01-08 05:00:25

On the 6th, it was determined that the BCH 1-hour logic has completed, and it is expected to re-enter around the support level of $620-625 in the 4-hour timeframe. The lowest point hit 621, initiating a rebound.

Currently, focus should be on the upper boundary of the 1-category central zone at $631.99. A sustained rebound is always the result of the central zone continuously moving upward. When the price reaches this level, the market turns into a complex extended pattern, making the subsequent trend uncontrollable.
Given that the current correction level is a 30-minute segment downward, the price at $620 serves as a resonance support for both the 4-hour and 6-hour timeframes. It is also the last line of defense since the upward move from $518.35. The bulls must continue to adjust and reach new highs in the near future; otherwise, all previous efforts will be wasted, and the adjustment level will expand.

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DrunkenInkDiscussion

2026-01-05 23:05:39

Continuing from the previous text
The BCH bulls successfully initiated a rebound near the 630 USD support level on the 1-hour chart and continued to make new highs, but since the move was on a five-minute segment and the support was not maintained, the 1-hour rebound logic has already played out. From a Chan theory perspective, a 30-minute correction is inevitable.
What needs to be watched now is the 2-hour support. Today, the price is around 635 USD. Given that altcoins tend to expand their correction levels, the support here should be assessed based on the five-minute structure of the correction from 669 to determine whether the 30-minute correction is complete or if it is just a segment of a five-minute rebound.
My trading plan is to wait for a test of the 4-hour support level (620-625 USD) before considering re-entry. I have abandoned participation at the 2-hour support level.

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