| Level | Price | From price | Role |
|---|---|---|---|
| Golden pocket | 340.3 | +21.0% | golden pocket, read edge |
| Weekly open | 315.6 | +12.2% | calendar, swing |
| 2-TF resistance | 303.0 | +7.8% | confluent, sr |
| Fib retracement | 293.4 | +4.3% | fib, sr |
| Swing high | 284.9 | +1.3% | swing |
| Prior day high | 282.0 | +0.3% | calendar, sr |
| Order block | 280.6 | -0.2% | order block, calendar |
| Support | 256.9 | -8.6% | plan leg |
| Swing low | 239.5 | -14.8% | swing, bear target |
BCH is pulling back inside an uptrend — 239.5 is the floor that keeps the trend, and 303.0 is where it resumes. What argues for higher: the uptrend is intact — this is a pullback inside higher highs and higher lows. What argues for lower: a strong break of structure — the move through the last swing low carried 1.39x an average bar (strong BOS). No single reason settles it, but where price sits in the box favors a break higher first (55% against 42%). The bear case has the mechanics: open interest is rising into the move — that is new shorts pressing, not longs bailing, which is what a breakdown with staying power looks like. Volume divergence — trend weakening. The total crypto market cap is down 3.1% over the last 24 hours. An unmitigated demand block sits at 243.0–256.9. An imbalance (fair value gap) sits above at 303.0–313.0 — a range price moved through without trading, not yet revisited. The decision sits between swing low support 239.5 and 2-TF resistance 303.0. So the uptrend is the frame: 239.5 holding keeps it intact, a close back above 303.0 restarts it, and a close below 239.5 breaks it.
303.0 (2-TF resistance) caps the upside; a close that holds above it changes the picture. Below, 239.5 (Swing low) is the floor — a close that holds under it and the structure opens up. Beyond the box, the next levels are 315.6 (Weekly open) above and 220.4 (Support) below.
This path is 55% and it starts with a close and hold above 303.0. That opens 315.6 (Weekly open) then 340.3 (Golden pocket). It fails on a close and hold below 239.5.
This path is 42% and it starts with a close and hold below 239.5. That opens 220.4 (Support) then 205.1 (Support). It fails on a close and hold above 303.0.
At 3%, price keeps rejecting both edges of 239.5–303.0 and the range holds.
Holding above 239.5 keeps this a pullback inside the uptrend. A close below 239.5 breaks the trend's last higher low — that is how trends end. The way to get this wrong: calling the uptrend over before its last higher low breaks — the challenge only counts on a close through it.
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