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Two weeks ago, AMBCrypto said Bitcoin Cash (BCH) was likely to post losses from a $474 local high and slide toward $419 and below $400. While the market has moved since then, the broader assessment remains tied to how different timeframes are reading the same price action.
In the past two weeks, Bitcoin Cash formed a higher low at $437 and defended the $443 support level. The rally pushed BCH as high as $489.3 on Wednesday, 6 May.
On momentum and volume indicators, the report noted that OBV made new local highs and RSI climbed back above the neutral 50 level, changes that were interpreted as potential short-term bullish signals.
BCH has been trading within a two-year range between $272 and $684. In recent weeks, it tested the mid-range point at $480 as resistance.
The report also highlighted that BCH has a bear swing structure on the 1-day chart. It said the sweep of the $486 level was followed by short-term rejection, and that BCH was trading at $461 at the time of writing.
The H1 chart was described as bullish, but the $460 short-term support zone was being retested. This level had previously been tested as resistance in mid-April and appeared to have flipped to support.
To align the timeframes, the weekly chart was described as having dropped below mid-range resistance, while the daily chart was characterized as maintaining a bearish swing structure.
The move toward $489 was framed as a potential swing failure setup. The report suggested this could lead to bearish continuation if the pattern develops as expected.
It also outlined an invalidation condition: a daily session close above $486 would indicate a bullish structural shift.
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