During times of market plunge, you can often see who the true leader is. Today, Bitcoin and Ethereum experienced deep corrections, but BCH's performance surprised us quite a bit.
Most altcoins in the market have fallen sharply in this wave, some even halved, but our BCH has held strong, still maintaining a relatively strong position at high levels. This is what a leader should look like—during a major bear market, the K-line remains in an upward trend and refuses deep correction. Looking at the trend since last year, BCH truly deserves the reputation of "the most eye-catching altcoin in this cycle."
From a Chan theory perspective, a bottom divergence signal has appeared on the 30-minute chart, which usually indicates that the downward momentum is weakening. Based on technical analysis, a rebound is expected to occur on the 4-hour level. According to Chan theory's bar pattern logic, the second buy point in the 30-minute bars should also appear during this rebound. From a time window perspective, the period after 4-5 a.m. might be a critical entry window.
The 651 price level should not be a dream, just a matter of time. The overall trend remains upward, and pullbacks can be seen as a buildup for further rise.
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TokenDustCollector
· 01-10 09:13
BCH this wave is indeed fierce. While others are halving it, it's still holding strong. Now that's called resilience.
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DegenDreamer
· 01-08 17:41
bch is indeed holding strong this time, while other coins are crying, it's still struggling on, showing some resilience.
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screenshot_gains
· 01-08 17:40
BCH is indeed stable this time. While other coins are crying, it is still holding the pressure. The leader is truly the leader.
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DefiOldTrickster
· 01-08 17:29
Haha, another one optimistic about BCH, entering at 4-5 am? I did the same back in 2017, and ended up holding it for three years. LOL
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PoetryOnChain
· 01-08 17:29
BCH this time really has some strength; even when others cut it off, it's still holding up.
During times of market plunge, you can often see who the true leader is. Today, Bitcoin and Ethereum experienced deep corrections, but BCH's performance surprised us quite a bit.
Most altcoins in the market have fallen sharply in this wave, some even halved, but our BCH has held strong, still maintaining a relatively strong position at high levels. This is what a leader should look like—during a major bear market, the K-line remains in an upward trend and refuses deep correction. Looking at the trend since last year, BCH truly deserves the reputation of "the most eye-catching altcoin in this cycle."
From a Chan theory perspective, a bottom divergence signal has appeared on the 30-minute chart, which usually indicates that the downward momentum is weakening. Based on technical analysis, a rebound is expected to occur on the 4-hour level. According to Chan theory's bar pattern logic, the second buy point in the 30-minute bars should also appear during this rebound. From a time window perspective, the period after 4-5 a.m. might be a critical entry window.
The 651 price level should not be a dream, just a matter of time. The overall trend remains upward, and pullbacks can be seen as a buildup for further rise.