【$BCH Signal】Pullback to buy! 1H retest confirmation, 4H trend continues, signs of main force supporting the market are obvious

$BCH After experiencing a sharp rise yesterday, the 1H level is undergoing a healthy correction, with the price finding initial support above EMA20 (547.6). The 4H level has formed three consecutive bullish candles with a strong breakout, clearly indicating an upward trend. Currently, the order book depth is much thicker on the buy side than on the sell side (depth imbalance of 62.26%), and open interest (OI) remains stable, showing that major funds have not exited. This is a typical bullish continuation pattern.

🎯Direction: Long (Long)

🎯Entry/Order: 560.0 - 562.0 (Reason: 1H EMA20 support zone, also the Fibonacci 0.382 retracement level of the previous rally )

🛑Stop Loss: 549.0 (Reason: Break below the previous 1H low of 549.21 and EMA50 support, confirming a weakening correction )

🚀Target 1: 573.5 (Reason: Yesterday’s high resistance, breaking through will turn it into new support )

🚀Target 2: 590.0 (Reason: 4H previous high and daily resistance zone )

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 4H trend and 1H correction resonate, risk-reward ratio >1.5 )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 573.5, consider the second target at 590.

Depth logic: Over the past 24 hours, the price has increased by nearly 10%, but the funding rate is only 0.0009%, indicating no signs of overheating. The 1H RSI (68) has retreated from overbought territory, providing room for another upward move. Most importantly, during the price correction from the high point, the open interest (OI) remains stable, and buy-side depth is unusually thick, strongly suggesting that large funds are accumulating below rather than distributing. Market logic indicates ‘price rising, combined with open interest to determine’, current data supports the ‘main force entering’ hypothesis.

Trade here 👇 $BCH

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