Sharing my personal observations on BCH's recent trend.

From the weekly K-line perspective, BCH has been under a clear resistance zone for the past four years. Every time the price reaches this level, it seems as if an invisible hand is holding it down, followed by a wave of pullback. However, a closer look at the chip distribution shows a relatively good situation—distribution is very even, with no signs of large holders consolidating. More importantly, there is almost no accumulation of trapped chips above this resistance level, so the selling pressure won't be particularly fierce.

From this perspective, if I were to participate now, I personally lean towards watching whether it can break through this resistance and push towards the 800 level. Of course, this requires trading volume to cooperate and market sentiment to support.

Old coins in the crypto market often have their own resilience. As a on-chain asset, BCH's ability to break the four-year suppression pattern this time is worth continued observation.