BCH's recent two-month rally has indeed attracted attention, but from the daily chart perspective, risk signals have gradually emerged. Observing the trend over the past 10 days, the market has formed a clear double top pattern, and after the second peak was established, the price has declined for three consecutive days. This correction signal is even more prominent in the short-term timeframe— the 1-hour chart has already started to weaken.



Although today's daily candle shows a slight bullish sign, overall, this looks more like a rebound rather than a trend reversal. Based on the current technical performance, it is likely that the daily candle completed at 8:00 tomorrow morning will close as a bearish candle. Such a pattern combination often indicates short-term correction pressure in technical analysis, and it is worth closely monitoring subsequent price movements.

For traders, the confirmation of the double top pattern and the accompanying downward trend indeed provide some bearish signals.
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ApyWhisperervip
· 6h ago
Double top crash, this wave is going to fall.
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BearMarketBuyervip
· 6h ago
Double top has crashed down, I knew this rally was too rapid... --- The rebound is just distribution, wait for the crash, brothers --- See you tomorrow at 8 AM to find out, I bet it will break the level --- This technical pattern... really a bit dangerous --- Looking bearish again, can you make money by constantly pessimizing? --- Once double top is confirmed, it's time to run. Those still holding are all newbies --- Short-term correction pressure? Then just keep going down --- I think it will gap down and open lower tomorrow morning --- Every time it’s said to be risky, it still rebounds... --- A bearish candle crash is actually a buying opportunity --- The market is so turbulent, it can’t die even if it wants to
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NotSatoshivip
· 6h ago
The double top is confirmed, is this really going to crash this time? Damn, it's another rebound trap. We'll see by 8 a.m. tomorrow. BCH, please don't trick me into buying again... Forget it, I'll wait for confirmation. Tsk, this tactic in a bear market is so overused, but the data is right there. Decisively short, I look down on rebounds. This pattern is a clear sign of a decline. I bet tomorrow will be a bearish candle.
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LowCapGemHuntervip
· 6h ago
A double top is indeed a signal, but I still want to wait and see... The rebound might be just a fleeting moment.
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BearWhisperGodvip
· 6h ago
As soon as the double top appears, you know something's going to happen. This rebound is way too fake.
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