BCH’s current price is 293. Over the four-hour timeframe, it has repeatedly been churned between 288 and 295 for four straight days, with volume continuously shrinking—this is a classic build-up structure before a double-kill move that traps both longs and shorts. If 288 is not broken on the pullback, the support below is solid. But around 295, resistance has rejected three times and hasn’t been cleared; short-term bulls don’t dare get too aggressive.
The security booth’s fluorescent tube flickered twice just now, so I didn’t pay attention—let it keep performing on its own overhead.
Right now, the focus is on the 293 central pivot. If it holds above 294.5, then the short-term rally intentions can be confirmed; otherwise it will just continue ranging in the box. On a bare K chart: the hourly chart’s lows are rising while the highs flatten, and the converging triangle is moving toward its end. The breakout/turn should happen within today and tomorrow. In terms of positioning and funds, there’s no obvious sign that the main players have exited. Spot buy orders are being held around 288 fairly steadily, but the contract open interest isn’t rising enough—suggesting big capital is still waiting for direction.
As for execution, there’s only one idea: the 288–290 zone is the short-term longs’ safety cushion. If you dare to take it there, set a stop-loss below 282. Take-profit: first target 305, second target 315. If it directly breaks down below 288 with volume and then can’t reclaim it, don’t hold on—flip short and look for 280. At this spot, being stuck neither up nor down means chasing orders is basically just handing over fees. Wait for a pullback or wait for a breakout—choose one, don’t gamble on the middle.
The guard room’s space heater has reached the automatic power-off time again, so I reached over and reset it back to continue running.
$BCH
#美国炼油商面临原油供应下滑
The security booth’s fluorescent tube flickered twice just now, so I didn’t pay attention—let it keep performing on its own overhead.
Right now, the focus is on the 293 central pivot. If it holds above 294.5, then the short-term rally intentions can be confirmed; otherwise it will just continue ranging in the box. On a bare K chart: the hourly chart’s lows are rising while the highs flatten, and the converging triangle is moving toward its end. The breakout/turn should happen within today and tomorrow. In terms of positioning and funds, there’s no obvious sign that the main players have exited. Spot buy orders are being held around 288 fairly steadily, but the contract open interest isn’t rising enough—suggesting big capital is still waiting for direction.
As for execution, there’s only one idea: the 288–290 zone is the short-term longs’ safety cushion. If you dare to take it there, set a stop-loss below 282. Take-profit: first target 305, second target 315. If it directly breaks down below 288 with volume and then can’t reclaim it, don’t hold on—flip short and look for 280. At this spot, being stuck neither up nor down means chasing orders is basically just handing over fees. Wait for a pullback or wait for a breakout—choose one, don’t gamble on the middle.
The guard room’s space heater has reached the automatic power-off time again, so I reached over and reset it back to continue running.
$BCH
#美国炼油商面临原油供应下滑