BCH

1. Last week's bullish candle reached the middle track of the channel with a long upper shadow; KD is overbought, indicating a pullback in indicators.

2. The daily chart closed with a long upper shadow last Saturday, showing a hammer line + bearish engulfing at high levels, unfavorable for bulls; the highest point is under pressure at the Fibo 0.618 reversal level.

3. In terms of patterns, the bottom shows a large-scale rounded bottom (golden pit), with the neckline serving as a reference for future long positions.

4. Support situation

Support 1: Currently, the price is around Fibo 0.5 — this position is the resistance turned support at the high-level consolidation platform.

Support 2: Fibo 0.382 + BOLL middle band + ascending trend line confluence.

5. KD + MACD + RSI all show varying degrees of bearish divergence, but all three are still in the bullish range; can combine with future oversold or golden cross to seize low buy points.

6. In the 4H chart, the rise and fall operate in a step-like manner (rectangle) — with multiple transitions of resistance and support in between.

7. In terms of patterns, after the previous ascending triangle neckline was broken, there is technical support for short-term prices.

8. At key positions, there is good resonance with corresponding Fibonacci levels and patterns, namely:

Fibo 0.382 — high-level rectangle low + low-level rectangle high.

Fibo 0.5 — triangle lower support (ascending trend line) + concentrated chips area.

Fibo 0.618 — low-level rectangle low support.

Trading strategy

Spot: 480 — 450 — 420 staggered layout, average price 450, stop loss 400, take profit 500 — 560 — 580 (medium to long-term range).

The above views are for reference only; trading based on them carries risks, and attention should be paid to position and risk control.