BCH is currently around 212 u. Today it’s fallen by nearly 3%, and this week it hasn’t been light either—over the week it’s down more than 5%.

But if you stretch it to a month, the books are still up—up by nearly one tenth, which indicates there was a rally earlier and this week started giving back the gains. At its 24-hour high it was around 217, and at its low around 209. The swings aren’t small.

This kind of pattern—up over a month, then down a chunk over the recent week—is basically the typical “sell the spike” after reaching a high. People who entered earlier start gradually exiting, slowly bleeding off part of the upward move.

The circulating supply is already about 95% of the total—basically almost fully mined out. The pressure from new incoming supply afterward can be ignored. The price mainly depends on sentiment and capital flows.

At this level, if it can hold in the 205 to 210 area, it’s likely to re-range after a pullback. If you want to buy the dip, you can look around here. If it breaks below 200, it would suggest this round of adjustment may not be finished yet—you’d need to look lower. Don’t chase here; wait until this downswing cools off before acting. #bch $BCH