$BCH Bitcoin Cash is showing moderately bullish momentum, up 3.70%, with elevated trading activity and a rebound from the $256 local trough. CME futures and Grayscale’s proposed spot ETF conversion filing are the supplied catalysts. Rising open interest with nearly flat funding supports a potentially constructive setup, although broader market weakness remains a risk.
📈 Bias: Moderately Bullish | 🎯 Entry: $278–$282 | 🛡 Support: $270 / $256 | 🚧 Resistance: $315 / $349 | 🎯 Targets: $305 / $325 / $345 | ❌ Invalidation: $268
Strategy: Watch for a successful breakout retest before entering. Manage exposure against broader BTC liquidation risk.
#BCH #BitcoinCash #CryptoTrading #TechnicalAnalysis #BinanceSquare
📈 Bias: Moderately Bullish | 🎯 Entry: $278–$282 | 🛡 Support: $270 / $256 | 🚧 Resistance: $315 / $349 | 🎯 Targets: $305 / $325 / $345 | ❌ Invalidation: $268
Strategy: Watch for a successful breakout retest before entering. Manage exposure against broader BTC liquidation risk.
#BCH #BitcoinCash #CryptoTrading #TechnicalAnalysis #BinanceSquare
