Recently, the BCH market has shown a fluctuating upward trend, with the current price maintaining around 587.8 USD. From a technical perspective, BCH is still in a high-level fluctuation range, but the rise momentum still exists.



Day traders should closely monitor the support range of $582-$585; if it can be effectively held, they can maintain a bullish outlook. Another key level is the resistance range of $597-$600; if this area can be broken, it is likely to trigger a new round of rise, with the next target potentially pointing to above $610.

For different types of investors, we have the following suggestions:
1. Existing holders can continue to hold and wait for a breakout confirmation;
2. Day traders may consider entering after breaking through key resistance, but must set stop-loss.
3. Observers can gradually build positions near the support level and increase their positions once the trend becomes clear.

Overall, BCH is currently in a consolidation bottoming phase, and the medium-term upward trend is still continuing. If it can break through the current range, it will bring a strong bullish signal for the short-term trend. Investors need to closely monitor market changes, grasp key price levels, and manage risks appropriately.
BCH0.06%
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ChainMaskedRidervip
· 4h ago
610 is the target price for bulls.
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GateUser-c802f0e8vip
· 08-16 14:50
It's useless to say too much; let's wait for the breakthrough to discuss further.
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ApeEscapeArtistvip
· 08-16 14:50
No one really thinks BCH can break 600, right?
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CryingOldWalletvip
· 08-16 14:49
BCH go! I'm all in!
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ProxyCollectorvip
· 08-16 14:27
The support level has been held immediately. Let's go!
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