$BCH is still respecting its ascending channel, even after the recent volatility shook weak hands.

Price got rejected from the upper channel resistance and that reaction was clean. Now we’re seeing a controlled pullback toward the mid to lower range of the structure. This isn’t panic selling. It looks like a normal reset inside a bullish trend.

The green demand zone below is the key area I’m watching closely. That’s where buyers have shown interest before, and if they defend it again, the broader bullish structure stays intact. As long as price holds above this zone, the channel remains valid and momentum stays on the buyers’ side.

A clear breakdown below this demand zone would change the picture. That would signal loss of structure and open the path toward deeper support levels.

For now, the trend is still alive. The next reaction from demand will tell the real story.