[Contract Strategy]

BCH short-term trading plan (valid within three days):

Short near the resistance of $380, take profit near 347 and 300, stop loss 406.

Note that the leverage is less than 5 times, and the light position is less than 20%. For reference only, it does not constitute a basis for buying and selling.

Technical analysis: ①, BCH weekly chart, at present, the SAR indicator shows that it is still in a short position at a large level. In the early stage, there was a phased rebound in the Vegas channel. At present, it is constrained by the pressure near the long-short dividing line EMA12. It is expected that Mentougou will also pay BCH and cause a certain negative impact.

②, daily chart, since BCH halved in April to create an annual high, it has been running in a downward channel. This time, it fell under pressure near the upper rail resistance of the channel at $405. Here, it just tested the resonance resistance of MA200 twice. At present, MACD also shows signs of a dead cross, and it is expected that the market will fall further after the shock adjustment.

③. The four-hour level rebounded near the Fibonacci 50% support of 347. A double top pattern was formed in the early stage and the neckline was broken. The market is currently in the process of rebound confirmation. The neckline resistance is roughly around 380, which is also the Fibonacci 78.6% position. The KDJ indicator is in a golden cross state, but the J value is close to the oversold area. It is expected to fall back after the rebound.