BCH daily line saw a wave of decline yesterday, with the price falling from a high of about 445 to a low of about 410, and finally closing at around 415. At present, the upper side has tested the area near 440 many times, forming a pressure level, and the lower support level is near MA14. If there is a retracement, you can consider going long near this area. At the same time, the MACD indicator shows that the long position is shrinking and there is a trend of forming a dead cross.

From the four-hour line, the lower support is near MA60, and you can consider going long if you step back to this position. The upper pressure level is near the MA7 moving average. If it breaks through this pressure level, you can look to the vicinity of MA30. In addition, the MACD indicator short position increment, if the short-term price falls to around 406-396, you can consider going long, and the rebound target can be seen near 425-440.

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