Bitcoin Cash Pulls Back to $592 — Volatility Likely Ahead of Halving

I see Bitcoin Cash pulling back to $592.40 after a short-lived push to $618, a roughly 4.5% intraday correction as traders reassess positions ahead of the halving. I expect event-driven volatility to dominate price action in the near term.

I'm watching for signs of stabilization and volume confirmation before taking fresh long positions; until then, this looks like a normal profit-taking retracement rather than a structural breakdown.

If consolidation holds, the halving could become a bullish catalyst later, but the immediate risk-reward favors patience and selective entries on confirmed weakness.