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Summary
• Price dipped to 613.5 before rebounding to close near 620.6.
• Strong volume spike at 01:30 ET suggests bearish pressure.
• RSI near 50 hints at neutral momentum with no clear overbought/oversold signals.
• Bollinger Bands show moderate volatility with price lingering near lower band.
Bitcoin Cash/Tether (BCHUSDT) opened at 623.3 at 12:00 ET-1, reached a high of 638.0, a low of 610.5, and closed at 620.6 at 12:00 ET. The 24-hour volume was 13,914.73, and notional turnover was approximately $8.85 million.
Structure & Formations
Price experienced a sharp decline to 613.5 following a large bearish candle at 01:30 ET, followed by a consolidation phase and a modest recovery. A bullish engulfing pattern emerged near 613.5–615.0, hinting at potential support. A bearish reversal pattern was observed near 623.3 during the early morning dip.
Volatility & Indicators
Bollinger Bands showed a moderate expansion during the 01:30 ET selloff, with price dipping below the lower band before returning. RSI remained around the 50 level, suggesting neutral momentum with no immediate overbought or oversold conditions. MACD crossed the signal line twice, indicating mixed directional signals.

Volume & Turnover
The most notable volume spike occurred at 01:30 ET (2,637.914 BCH), coinciding with a sharp price drop. Notional turnover increased significantly during the late afternoon, particularly between 15:00–16:30 ET, suggesting renewed buying interest. However, volume failed to confirm the morning rally, pointing to potential uncertainty.
Key Levels and Projections
Key support levels appear at 613.5 and 619.1, with resistance at 622.3 and 625.6. Fibonacci retracements from the 610.5 to 638.0 move indicate a 61.8% level at 627.3 as a potential near-term ceiling.
Looking ahead, price may test 622.3 as a pivot point in the next 24 hours. A break above 625.6 could signal renewed bullish momentum, but a drop below 619.1 would likely reignite bearish sentiment. Investors should remain cautious due to moderate volatility and mixed momentum signals.
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