BCHUSDT Market Analysis
Now is the consolidation after a freefall. The lowest price touches 265 which means the market price now only covers 8 percent back.
Blitz bear: With the selling, the pressure keeps going on after this short-term consolidation, we might still head down to test the previous low again.
Blitz Bull: Lots of people still want to buy at the dip and it's a good time to expect a decent rebound, normally would be 2/3 (around 338).
Blitz bear: With the selling, the pressure keeps going on after this short-term consolidation, we might still head down to test the previous low again.
Blitz Bull: Lots of people still want to buy at the dip and it's a good time to expect a decent rebound, normally would be 2/3 (around 338).
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