BCH is currently hovering in the $615-$630 range. From a technical perspective, there are indeed many shorting opportunities.

Observing the 4-hour chart, the most notable is the clear divergence in the RSI indicator, along with the formation of a typical ascending wedge pattern on the chart. These two signals combined indicate that a top may be forming on smaller timeframes.

The probability of a price breakout upward is clearly decreasing. The area around $624 to $650 is a relatively strong resistance level, and breaking through it effectively is not easy. Overall, it is likely that there will be a pullback, with the price seeking support levels downward. For short-term traders, shorting at the current position can be considered, with a target around $570.