BCHUSDT Market Analysis
From the 4-hour timeframe chart, It is trying to form a higher low, and the price stand firmly here, we are still under an uptrend. In the 1-hour chart, the price just broke a triangle and now is heading down. Either way, the next key support is around 375.
Blitz Bull: Since there's a oversell plus price started to bounce back, the best scenario is a push-up could be happening soon.
Blitz Bear: Still we cannot deny that after the brokedown of the triangle, the big bearish candle shows clearly the lack of confidence of the market, The shooting star also bears it out.
Blitz Bull: Since there's a oversell plus price started to bounce back, the best scenario is a push-up could be happening soon.
Blitz Bear: Still we cannot deny that after the brokedown of the triangle, the big bearish candle shows clearly the lack of confidence of the market, The shooting star also bears it out.
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