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$BCH /USDT 1h chart, here is a quick breakdown of the current price action:
Immediate Resistance: Around $587, where the MA30 (yellow line) is currently capping the price.
Key Barrier: The recent peak at $603 acts as a major psychological hurdle.
Support Zone: Currently testing the $572 level. A break below this could lead to further downside.
Trend: Strongly bearish; price remains below all major moving averages.
Would you like me to generate a bullish or bearish scenario for the next few hours?
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