#BCH Update #2 – July 27, 2025
After its last impulsive move, Bitcoin Cash experienced a full retracement. However, it managed to maintain its bullish structure by avoiding a close below its previous low.
At this point, it has reached its target and is still climbing. However, buying from here is a completely risky move. From a technical analysis perspective, Bitcoin Cash has already reached the extent of its potential upside.
Starting from this point forward, I absolutely do not recommend any long positions in Bitcoin Cash. Due to potential profit-taking by whales, a sharp correction is very likely.
I’ll provide updates as the situation develops, but for now, Bitcoin Cash is not in a suitable position for opening long trades. It has reached its target. Therefore, the best action at this stage is to wait.
After its last impulsive move, Bitcoin Cash experienced a full retracement. However, it managed to maintain its bullish structure by avoiding a close below its previous low.
At this point, it has reached its target and is still climbing. However, buying from here is a completely risky move. From a technical analysis perspective, Bitcoin Cash has already reached the extent of its potential upside.
Starting from this point forward, I absolutely do not recommend any long positions in Bitcoin Cash. Due to potential profit-taking by whales, a sharp correction is very likely.
I’ll provide updates as the situation develops, but for now, Bitcoin Cash is not in a suitable position for opening long trades. It has reached its target. Therefore, the best action at this stage is to wait.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.