BCH/USDT – 30M – SELL

The BCH/USDT 30-minute chart has fired a dense cluster of bearish signals, all converging on a short-term sell-off. The BOP Zero Cross Down and ER Level Cross Down indicate deteriorating buying pressure, while the STOCHRSI KD Cross Down and DEMA Retreat Down confirm fading momentum. The Bearish Engulfing candlestick adds price-action confirmation, and the Fibonacci Retreat DownTrend (24%) suggests the pullback is still in its early stages. With the Supertrend Leg2 Down active, the immediate trend is clearly lower.

However, this bearish signal is a counter-trend move within a larger bullish structure. While the 15m, 30m, 1h, and 2h timeframes are all bearish, the 4h, 8h, 12h, and 1d timeframes remain bullish, with the 12h trend rated as very strong. This means the sell-off is likely a correction within an uptrend, not a reversal. The nearest support at 260.60000 is the key level to watch; a break below it would signal deeper correction, while a hold could lead to a bounce. Resistance sits at 268.10000, and a reclaim of that level would invalidate the bearish setup.