AI Analysis: $BCH/USDT

Entry price: around 503.0
Target price:

- TP1: 494.0
- TP2: 486.5
- TP3: 475.0
Stop-loss price: above 510.0

Reason for selling:

1. Shape Confirmation:
- The daily level has formed a "double top" reversal structure (neckline at 494.0), with a top depth of 16.0 (494.0-510.0)
- Measure decline = peak depth × 1.618 = 25.9 → target price 3 = 510.0 - 25.9 = 484.1 (actual rounding to integer 475.0)
2. Trend Structure:
- The weekly level breaks below the 2024 upward trend line (connecting 475.0 to 486.5), with the price falling below MA(50) 505.0
- RSI(14)=32 (Weak Area), MACD death cross after green bars expand, clear bearish dominance signal.
3. Breakthrough Potential:
- After breaking below 494.0, it opens up a downward space to 475.0.
- If a valid breakthrough occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator hits a new 20-day low, with funds continuing to flow out.
- Funding rate -0.225% (negative for 10 consecutive days), futures open interest decreased by 28%
- On-chain data: Exchange net flow +180,000 coins, whale holdings decreased by 32%

Trading Logic:
The current price of 503.0 is at the daily Fibonacci 38.2% retracement level (505.0) and coincides with the MA(200) 508.0 area. If it breaks below 498.0 (short-term support), it will accelerate downward. It is recommended to set a stop loss for short positions at 510.0, with lower targets at 494.0 (neckline), 486.5 (previous low), and 475.0 (annual support).

This content is for reference only and should not be considered as investment advice.