Market Overview for Bitcoin Cash/Yen (BCHJPY)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Dec 11, 2025 10:03 am ET1min read
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- Bitcoin Cash/Yen (BCHJPY) fell to 87,427 Yen, forming a bearish engulfing pattern and long lower wick near key support.

- RSI entered oversold territory while MACD turned negative, confirming weakening bullish momentum amid below-average volume.

- Bollinger Bands contracted mid-session before a bearish breakout, with price remaining below 50/20-period moving averages.

- 61.8% Fibonacci retracement at 88,400 Yen briefly held before further decline, highlighting 90,000–90,407 Yen as critical resistance.

Summary
• Price dipped from 90,407 to 87,427 Yen amid declining momentum and bearish volume confirmation.
• A long lower wick in early morning ET suggests potential support near 87,400–87,500.
• RSI and MACD show weakening bullish momentum, hinting at near-term consolidation.
• Bollinger Bands tighten mid-day, suggesting a possible breakout or reversal.
• Volume was muted after 06:00 ET, coinciding with price consolidation below moving averages.

The 24-hour session for Bitcoin Cash/Yen opened at 89,328 Yen on 2025-12-10 12:00 ET and closed at 87,427 Yen on 2025-12-11 12:00 ET. The high was 90,407 Yen and the low was 86,218 Yen. Total volume traded was approximately 139.43 units, with a notional turnover of roughly 12,157,500 Yen.

Structure & Formations


A bearish engulfing pattern formed around 21:30–22:00 ET as price declined from 90,361 to 89,192 Yen, indicating bearish sentiment. A long lower wick appeared after 00:15–00:30 ET, hinting at potential support near 87,400–87,500 Yen. The price failed to retest the 90,000–90,407 Yen area, which now appears as a key resistance cluster.

Moving Averages and Momentum


On the 5-minute chart, the price consistently remained below the 50 and 20-period moving averages, reinforcing the bearish trend. The MACD line crossed below the signal line mid-session, while the RSI entered oversold territory after 04:00 ET, suggesting a potential near-term rebound may be in play.

Volatility and Bollinger Bands


Bollinger Bands showed a contraction between 02:00 and 05:00 ET, indicating a period of consolidation. Price then broke downward through the lower band, suggesting continued bearish bias. The volatility contraction may have set up for a potential rebound or a continuation of the bearish trend.

Volume and Turnover


Volume surged during the initial bearish breakdown but remained subdued after 06:00 ET, coinciding with a period of consolidation. Notional turnover dropped significantly after the 08:00–10:00 ET period, aligning with price consolidation and suggesting limited conviction in the current bearish move.

Fibonacci Retracements


The 5-minute retracement from 90,407 to 86,218 saw price briefly test the 61.8% level near 88,400 before falling further. On the daily chart, price appears near the 61.8% level of the recent bullish swing, suggesting a potential area of resistance if buyers re-enter.

The market appears poised for a period of consolidation or a possible near-term rebound off the 87,400–87,500 Yen support. However, the broader bearish trend remains intact unless buyers can push price above 90,000–90,407 Yen in the next 24 hours. Investors should watch for volatility expansion and volume confirmation on any potential reversal.