$BCH — market just sent a clear warning signal.
Price has broken down from its rising structure and is now sitting right on the 520–540 demand zone. This zone mattered before, and it matters again.
Here’s how I’m reading it:
• The 625–660 resistance saw sharp rejection → that’s distribution, not strength.
• As long as BCH stays below 580–600, the bias stays corrective.
• A short-term relief bounce from 520–540 is possible, but it’s counter-trend for now.
Key scenarios:
– Hold 520–540 + reclaim 580 → momentum can flip back bullish.
– Daily close below ~520 → opens the door toward mid-480s fast