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BCH Afternoon Trading Strategy: Downtrend Continues After Breakdown, Focus on Shorting Rebounds
From the 4-hour chart, BCH has broken below the short-term uptrend line, and the previous heavy-volume bearish candle has established a bearish pattern. The Bollinger Bands are opening downward, the MACD death cross continues, and increasing volume confirms intensified selling pressure. Technically, the bearish trend is clear.
Trading Strategy: Short on rebounds near 585, with targets at 575 (first support) and 560 (strong support).