2026-01-12 08:23:15

Yesterday's assessment of BCH was that the coin volume was insufficient and the upward momentum was weakening, suggesting taking profits at high levels. The price finally peaked at 669, but in reality, it started to turn around around 665—those who should have sold the top probably already did, a typical fish tail pattern.

The recent drop was quite fierce, directly falling to 620. Some people are now trying to buy the dip, but my advice is not to rush into the market. The recent rally was already substantial, and a full correction is needed to release pressure. In extreme cases, the decline could continue, and the 550 level is worth watching.

At this stage, patience is still required. Don't be scared into chasing longs just because the market is falling; usually, this is when it's easiest to get caught.

BCH-1,05%

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TokenomicsDetective

· 15h ago

665, turn around. Your gaze is really sharp. I was still wondering if 669 could break 700.

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DataPickledFish

· 01-12 08:53

665 was the top, and those who made a fortune are now probably the bagholders who are chasing higher.

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FadCatcher

· 01-12 08:53

It's the same story again. Just after taking profit at a high, it dropped to 620. I knew right away that a bunch of people would be shouting for a bottom... Can we really wait until 550? Feels uncertain.

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HalfIsEmpty

· 01-12 08:50

By the way, I need to think about your 550 prediction... It still feels like it's easy to cause psychological shadowing if it gets smashed.

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gas_fee_therapist

· 01-12 08:50

665 Nabo is indeed fierce, hitting 620 in a flash. My friend was still calling for a bottom yesterday, haha. 550 really needs to wait and see, don't get scared and start messing around just because of the drop.

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DeFi_Dad_Jokes

· 01-12 08:44

665 That really came down quickly, I knew it was due to lack of momentum. For those still trying to catch the bottom, really don't rush, see you at 550. Damn, I've been confident in your judgment this wave, your analysis of the fish tail market was spot on. The mindset of catching the bottom is the most crucial; at times like this, you need to stay calm and wait patiently. 669 is the ceiling; those who haven't escaped now are probably regretting it to the point of feeling sick. Chased after the drop and still dared to go long, aren't you just seeking stimulation? Better wait a bit longer. The key level at 550, keep a close eye on it, that's when the real opportunity will come.

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ponzi_poet

· 01-12 08:24

I should have run when that wave hit 665. I was greedy. Now looking at 550, I really need to watch it carefully.

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