BCH trend analysis: The currency has been in a bearish downward channel for three consecutive days.
If the market rebound fails to effectively break through the key resistance level of 363.04, it is expected to continue to maintain a bearish sideways shock pattern.
In the short term, the lower target can be locked around 350.20 and 340.83.
At the same time, it is necessary to pay close attention to the long-short conversion price on the 4-hour chart. Even if the market rebounds,
if it fails to cross and stand above the pressure level of 369.69, it indicates that the rebound is insufficient and the market outlook is likely to continue the downward trend.
