$BCH ▪️ Bearish breakout below $500 & 200 SMA signaled weakness; price rebounded from $440 support ▪️ Needs to reclaim $500 (key resistance + 200 SMA) to confirm Uptrend resumption; otherwise trend remains pressured ▪️ Fundamentals: Galaxy’s BCH Spot ETF filing (pending approval) could provide upside catalyst toward year-end ▪️ Pattern: Approaching Resistance — prior support now acting as supply zone; polarity concept in play ▪️ Trend: ST Strong Down, MT Down, LT Up ▪️ Momentum: Bearish but inflecting (MACD histogram rising; RSI neutral 30–70) ▪️ Levels: Support $440 → $375 | Resistance $500 → $550 Summary: BCH rebounding off $440 support but faces stiff resistance at $500. Break and close above $500 / 200 SMA would shift bias bullish; failure there risks renewed slide toward $440.
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