Binance BCHUSDT 1h Trend Prediction

Recent candlestick charts show significant resistance above 525, with the price failing to breakthrough multiple times, indicating the potential need for further correction. The MACD trend remains bearish, with DEA not showing signs of a turnaround, indicating no rebound signals have emerged. RSI and KDJ indicators show weak momentum in the short term, increasing the risk of further price pullback. Large holdings data reveals some ambiguity in market direction; despite holding sizable positions, the number of accounts does not match total holdings, reflecting volatile bullish and bearish sentiment. Current funding rates and market volume suggest some position holding strength but are overwhelmed by increasing selling pressure, failing to demonstrate clear buying momentum. For short-term trading, it is recommended to wait for the price to retrace to the support zone S1 (500). If a rebound begins to appear, cautiously consider entering the market, with a stop-loss suggested below S2 (489) to reduce risk. In the current market condition, it is advised to continue observing indicator changes and reassess entry opportunities once a bullish signal appears.