BCH dropped 5 points today, currently trading at $622. The entire market is also undergoing a shakeout, with the total crypto market capitalization shrinking to $3.17 trillion. But don't rush to admit defeat; a careful look at the data shows that BCH actually has good resilience.

Looking at a longer timeframe makes it even clearer — it has gained 8% in the past month and 41% over the entire year. During the same period, Bitcoin is down about 4%, which means BCH has clearly outperformed the market in this round of行情, and market enthusiasm is also returning.

From a technical perspective, as long as the current support level holds, BCH still has room to move upward. Many industry insiders are optimistic that it can push to the $1000 mark, but that depends on whether trading volume can support it.

Currently, BCH is repeatedly testing the $650 level. Although it temporarily broke through and then pulled back, the overall trend remains upward. Once it stabilizes above $650, a new phase can begin.

Even more interesting is that large funds have recently become a bit restless. Frequent large orders appear in OTC trading, which is often a sign of smart money lurking in advance. The 24-hour trading volume has also risen to $750 million, a new high in over a month — indicating that market activity is recovering.

Another positive signal worth noting is that Grayscale is applying to launch a BCH ETF. If approved someday, institutional funds may flood in, directly boosting demand. Some analysts believe that as long as it breaks through $800, reaching $1000 is not just a dream.

Overall, BCH shows short-term volatility but remains strong. Whether it can ultimately break through $1000 depends on whether it can volume-break at key levels and whether the ETF card can be played successfully.