$BCH #BCH Bulls and bears haven't fully picked a side yet, so don't chase blindly in the middle.
K-line timeframe: 1h
My direction: Wait and see (only trade with the trend; don't stubbornly fight the sentiment)
$BCH #BCH Execution: Wait for confirmation first, then enter a position once a key level is confirmed.
Key factors: 1) BCHUSDT is down 6% over 24h, with a current price of around 248.3000 and 24h trading volume of around 81.19M; 2) The main timeframe and 4h timeframe have not formed a confluence in the same direction. 3) The 4h close moved from 249.4900 to 248.3000, current open interest is around 279.93K, and the funding rate is around -0.0148%.
Risk control: If the 1h price drops back below 247.9800, don't rush to enter.
$BCH #BCH Bottom line: The direction is clear; execution comes down to discipline. For reference only; this is not investment advice.
K-line timeframe: 1h
My direction: Wait and see (only trade with the trend; don't stubbornly fight the sentiment)
$BCH #BCH Execution: Wait for confirmation first, then enter a position once a key level is confirmed.
Key factors: 1) BCHUSDT is down 6% over 24h, with a current price of around 248.3000 and 24h trading volume of around 81.19M; 2) The main timeframe and 4h timeframe have not formed a confluence in the same direction. 3) The 4h close moved from 249.4900 to 248.3000, current open interest is around 279.93K, and the funding rate is around -0.0148%.
Risk control: If the 1h price drops back below 247.9800, don't rush to enter.
$BCH #BCH Bottom line: The direction is clear; execution comes down to discipline. For reference only; this is not investment advice.