BCH just quickly rebounded from the low point around 624. Looking at the candlestick chart, it's clear that the large bullish candle on the 1-hour chart directly broke through the moving average resistance, the MACD has formed a golden cross near the zero line, and the red bars are still expanding. The RSI has now surged to 61.72, indicating that the bulls still have quite a bit of momentum.

The price reached a high of 653.30. Although there was some pullback afterward, the support levels below are quite solid. From the 24-hour low of 621.01 to the current level, the rebound strength is quite impressive. At this position, there are no signs of the bulls losing momentum, and the probability of continuing upward remains high. For bullish traders, now is a good entry point.