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BCH/USD Technical Analysis: $617 is a Key Support Level
If Bitcoin Cash ( BCH ) can hold steady above the $617 level, a relatively strong upward trend may emerge in the short term. From a technical perspective, this level has certain support significance.
Current market liquidity and trading activity need to be monitored—if the support is broken, further downward pressure may occur; conversely, if it holds and effectively breaks through the resistance above, the bearish momentum could be gradually alleviated.
As a mainstream coin, BCH's movement often reflects changes in market risk appetite. Investors should focus on monitoring trading performance around $617, which will be an important reference for judging the subsequent direction.