Crypto Short Signal on BCHUSDT with Targets Near $349

The analysis indicates that the BCHUSDT has entered a phase of a broad range following an impulsive upward movement. After deviating from the lower boundary, an upward trend has commenced, characterized by rising lows and highs. On the higher time frame, this pair has reached a sale interest zone and has tested it twice. Additionally, the focus on the substructure and internal liquidity suggests accumulation of short positions by major market participants and a likely strong decline. The second test is expected to result in a corrective downward bounce and internal movement aimed at collecting stop-loss orders from traders who are long. It is advised to set stop-losses according to individual risk management strategies. The target prices are 397.35, 380.20, 375.06, 354.65, and 348.96.