# Bitcoin Cash (BCH): NEUTRAL — the desk's read as of 2026-09-25

**Call:** NEUTRAL, conviction 10 of 100, evidence grade C. Price 334.1 USD.

## What the charts say

The trend regime is ranging with low volatility (111.7% annualised) and RSI 14 at 45.7. 2 of 7 trend signals on the 1 hour chart agree with the call.

## Levels to watch

- **support**: 217.67

- **resistance**: 365.21

- **20-hour average (support)**: 336.43

- **lower Bollinger band (support)**: 331.16

- **50-hour average (resistance)**: 337.88

## Positioning and flow

Funding at +0.0100% per eight hours, +10.9% a year, open interest about $0.15bn. 24-hour move -0.39% on $0.03bn of spot volume. Top traders' long/short ratio 2.19, the 99th percentile of the past three weeks, taker buy/sell 1.12. Open interest is long liquidation — contracts -2.00% against price -1.07% over 24 hours, counted in contracts rather than dollars, which means longs being flushed out, and the flush exhausts itself.

## The news

Tone reads bullish (+44) over 34 opinionated headlines; themes: flows & positioning, products & deals, crypto-native. Headline risk normal.

## Risk

Position size so that the stop costs at most 1% of the account. No averaging down, no grid, no martingale. Perpetual leverage above the stop distance invites liquidation before the stop.

*Not financial advice. Research desk output; do your own research.*

$BCH $BTC $ETH #BitcoinSpotETFsNetInflow$191M #CFTCUpdatesGuidanceOnTokenizedAssets