Previously, I looked at the BCH chart and expected it to break through the 620 resistance level upward. Now the market has moved, and it has risen to around 623, with the target basically achieved. This round of rally has been quite impressive, indicating that the bulls are indeed gaining strength. Moving forward, we should watch whether it can hold this level and further extend upward, or if it will encounter resistance and pull back around this area. In the short term, BCH's performance is worth continuing to monitor.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
6
Repost
Share
Comment
0/400
HypotheticalLiquidator
· 53m ago
Starting to hype around 623? I'm more concerned about how long the health factor at this position can last... Once the borrowing rate skyrockets, the dominoes of chain liquidations will fall one after another.
View OriginalReply0
BearMarketMonk
· 6h ago
It's already 623, another victory of $3... During this cycle, how many people have fallen into the narrative of a "beautiful rally," only to realize they're actually just catching the bag.
View OriginalReply0
fren_with_benefits
· 6h ago
623, damn it, finally broke 620. This bullish wave is really fierce.
View OriginalReply0
ColdWalletAnxiety
· 6h ago
623 has all gone up? The bulls have definitely shown some strength this time, let's see if they can hold on.
View OriginalReply0
GasFeeAssassin
· 6h ago
It's already 623, no kidding this time.
View OriginalReply0
LiquidityNinja
· 6h ago
There is indeed some interest around 623, but I always feel like a wave of people will be left behind here.
Previously, I looked at the BCH chart and expected it to break through the 620 resistance level upward. Now the market has moved, and it has risen to around 623, with the target basically achieved. This round of rally has been quite impressive, indicating that the bulls are indeed gaining strength. Moving forward, we should watch whether it can hold this level and further extend upward, or if it will encounter resistance and pull back around this area. In the short term, BCH's performance is worth continuing to monitor.