$BCH Update:

$BCH is starting to show clear signs of weakness after losing its trendline support and not being able to stay above a key level. The recent move below this area and the weak reaction that followed show that buyers are losing control and sellers are taking over.
This break in the trendline is important because it shows a change in structure. For a while, the price had been respecting this support level.
Now that it has broken, it could go lower. We're also seeing rejection from nearby resistance, which makes the bearish pressure even stronger.
The overall bias is still bearish as long as the price stays below this broken support zone. A deeper move down is likely in the next few sessions.
#BCH