$BCH /USDT

The attached chart shows a 4-hour candlestick chart from Binance with various indicators overlaid. The current price is at 343.0, with notable resistance levels at 351.2 and higher at 384.5. The support level to watch is 317.9.

The chart includes three Moving Averages (MA): the 7-period MA (333.3), the 25-period MA (328.5), and the 99-period MA (362.7). The price is currently trading above the 7-period and 25-period MAs but below the 99-period MA, indicating a short-term bullish trend but a longer-term bearish sentiment.

Volume analysis shows a significant increase in volume at the start of the period, followed by relatively lower volumes. The Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators suggest a bullish momentum, with the RSI at 57.03, indicating neither overbought nor oversold conditions.

Key observations:

1. **Resistance Levels**: The immediate resistance is at 351.2, with a stronger resistance at 384.5.

2. **Support Levels**: The immediate support is at 317.9, which has held well recently.

3. **Volume Trends**: Increased volume at the start followed by consolidation.

4. **Moving Averages**: Short-term bullish trend indicated by prices above the 7 and 25-period MAs.

Traders should monitor these resistance and support levels for potential breakouts or reversals. The interaction with the 99-period MA will be crucial in determining the next major trend direction.#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown