BCH 4H — testing a familiar ceiling
$BCH is hovering near $532, pressing into a resistance area that has repeatedly triggered reactions in the past. Each time price reaches this zone, selling pressure has emerged, and the current structure suggests that dynamic hasn’t changed yet.
On the downside, nearby levels remain well-defined:
$509.8 as the first support to watch
$465.5 as a deeper demand area if weakness expands
The chart favors a scenario where price pushes into resistance, stalls, and then rolls over. A rejection here would likely send BCH back toward $509, with $465 coming into play if momentum accelerates.
Until price can reclaim and hold above this upper zone with conviction, the 4H bias remains tilted to the downside, with sellers still defending the highs.