Looking at BCH's technical chart, the current trend is quite interesting. The price is around 646.94, and in the past hour, it has been suppressed within the moving average region, with trading volume significantly shrinking. Regarding technical indicators, the RSI is at a neutral 51, with the bulls and bears temporarily balanced; the MACD's two lines have already converged, appearing quite suppressed overall.



This kind of situation usually indicates that a direction choice is imminent. We are waiting for a volume-spiking candlestick to break this stalemate. Once the volume is released, it will be clear whether the move is upward or downward. From the current position, I lean more towards the probability of an upward breakout. If you also believe in this direction, entering a long position at the current price is a good entry point.
BCH-0,84%
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BackrowObservervip
· 01-09 03:20
Wait, are we just jumping on board like this? The trading volume hasn't moved at all, it feels a bit like a boost of adrenaline.
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RugPullSurvivorvip
· 01-06 21:39
Moving average suppression causes trading volume to shrink; I've seen this trick too many times, and it still ends up falling.
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AmateurDAOWatchervip
· 01-06 05:58
Everyone can see the suppressed market, but the key is whether the trading volume matches up or not.
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BoredStakervip
· 01-06 05:50
Stalemate consolidation is the most annoying, just waiting for that candlestick to break the deadlock. It feels like the probability of an upward move is indeed higher.
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TheShibaWhisperervip
· 01-06 05:47
Another suppressed market again, waiting for volume to pick up? I think this is a trick; MACD convergence often signals calm before a dump.
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LiquidityOraclevip
· 01-06 05:47
Another deadlock like this, with trading volume at a standstill, I'm already tired of it.
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0xTherapistvip
· 01-06 05:42
Wait a minute, if the MACD is converging, do you still dare to be bullish? I’ve seen many of these "about to break out" plays, but they often break downward instead...
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WhaleWatchervip
· 01-06 05:40
It's time to hold your urine again; you have to wait for the MACD to converge.
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ForkThisDAOvip
· 01-06 05:31
It's another market situation where I can't get out, feeling anxious.
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