The most dangerous part of a market recovery is the moment when almost nobody believes it has started.
That silence before the storm is exactly what I watch for.
BCH is sitting around 263.59 on the market board, and the current pullback does not automatically mean the structure is finished. The important question is whether buyers are willing to defend the 250 to 255 region.
If that area holds and volume begins expanding, BCH can quickly move from a quiet consolidation into a momentum trade.
The broader market is giving us an interesting backdrop. Bitcoin recently pushed above 80000, while spot Bitcoin ETF inflows have returned strongly. That tells me institutional demand has not disappeared. At the same time, Bitcoin dominance remains high, which means altcoin capital rotation still needs confirmation.
That confirmation would be rising altcoin volume, stronger market breadth and increasing activity from larger wallets.
BCH is one of the names I would watch if that rotation develops.
My working levels are:
EP: 258 to 266
TP1: 280
TP2: 295
TP3: 300
SL: 250
Support zone: 250 to 255
Resistance zone: 280 to 300
The key is simple.
If BCH holds support and breaks resistance with real volume, the market can suddenly become very aggressive.
If support fails, there is no reason to force the trade.
The best moves usually begin while the chart still looks boring.
I am watching BCH closely.
I am ready for the move.
#Fed Chair speaks at Jackson Hole
#Ledger Ethereum app vulnerability
