I just noticed that Bitcoin Cash (BCH) experienced a significant drop, losing about 17.4% over two trading sessions. In the past 24 hours alone, it fell 11.23%, currently trading around $441. Looking at the chart, it has been fluctuating between $272 and $680 for the past two years, and now it’s testing the $440–$450 zone — a key support level where I see the highest trading volume concentrated.

Interestingly, volume indicators (CMF) and (OBV) still show positive signals; capital inflow into the market has been increasing since late 2024. This suggests that although the price is under pressure, buying pressure still dominates. If the price tests the $438 control point level and doesn’t break below, the chances of a rebound are quite high, potentially testing the $480 level.

However, the current market sentiment is quite negative, and Bitcoin is also facing difficulties, so BCH may continue to fluctuate for a few months before making a breakthrough. Swing traders should pay attention to the $440–$470 zone — it will be key for the next trading decision. At around $450, it’s close to 11 million VND, and this zone will be very important to monitor in the coming period.