Crypto
BCH Struggles Below 200-Day SMA as Sellers Dominate Market
Bitcoin Cash (BCH) is trading at $308.40, just below its 200-day simple moving average (SMA) at $310.83.
The price has been stuck in a binary setup, with momentum completely flatlined according to the MACD histogram.
This situation is not neutral; it's a warning that the prior upside impulse is exhausted, and whoever blinks first in the order book will win the next $20-$30 move.
The Relative Strength Index (RSI) hovering just above 60 tells the same story: buyers haven't panicked but have clearly stopped pressing.
Top-tier traders on Binance futures are positioned 69.2% long, while retail is close behind at 63.4% long. However, the taker buy/sell ratio reveals that aggressive sell flow is outpacing aggressive buy flow by a significant margin.