BCH daily chart showed significant volatility yesterday, with a low of 477 and a high of 528, ultimately closing at 515. The important support level below is at the MA7 moving average, and this area is suitable for buying on dips. The 528 price level has formed some support after multiple tests. MACD indicates weakening bullish momentum.
On the four-hour chart, MA7 serves as short-term support, and if broken, we may look towards MA30. MACD bearish momentum is decreasing, showing signs of a golden cross formation. It is recommended to enter long positions around 486 in the short term, with an expected rebound target in the range of 505 to 528.