BCH Pullback to $592 Ahead of Halving — Watch for Confirmation

I see Bitcoin Cash retreating to $592.40 (-4.5%) after a brief run to $618 as traders pare positions ahead of the halving. The move reads like a short-term correction driven by event uncertainty rather than a clear trend reversal.

With halving approaching, supply dynamics could tighten and amplify volatility; that can produce strong moves in either direction. I want to watch how price reacts to recent lows and the $618 area before changing my exposure.

For now I’m staying on the sidelines and monitoring confirmation signals — clear support holds or a decisive break above $618 would prompt a tactical entry or re-evaluation.