$BCH The structure went through a strong compression phase, and the recent movement on the H4 timeframe suggests that the breakout has indeed been confirmed. The current price action isn’t random: it’s retracing into several technical confluences the previous breakout level, the equilibrium area around the 0.75 zone, and the descending trendline, which now appears to be acting as dynamic support.

This combination reinforces the idea that the market is building a more solid base before attempting a new leg to the upside. It’s essentially the classic phase where demand steps back in after absorbing the post-breakout volatility, creating the conditions for a structural continuation.

BCH
BCHUSDT
578.22
-2.81%