BCH 4H – Lower Channel Boundary at New LowsBitcoin Cash / TetherUSBINANCE:BCHUSDTBKVIPBCH on the 4H timeframe is currently trading around 204.7 inside a steep descending parallel channel that has been guiding price lower since the May highs near 380. Price has been making lower highs and lower lows consistently inside the channel, with every recovery attempt capped by the descending resistance and every bounce from the lower boundary quickly sold. The sell-off from 380 to current levels represents a drop of nearly 46% in under a month. Price is now pressing directly on the lower channel boundary near 186.5–200, which is the lowest level on this chart, while the horizontal support floor near 200–205 is also being tested simultaneously. Key Levels To Watch 380 → Prior high, major resistance above 310–320 → Prior range, key resistance zone 268–280 → Prior support zone, now resistance 248–256 → Prior consolidation zone, now resistance 230–238 → Descending resistance trendline, overhead ceiling 214–222 → Prior support, now resistance 200–205 → Horizontal floor, current test 186.5–192 → Lower channel boundary, final structural floor Below 186.5 → Channel breakdown, no support visible The descending channel has defined this entire move since May and the lower boundary has now been approached for the third time, with each previous test producing only a small bounce before the downtrend continued. A hold above the lower channel boundary near 186.5–192 would be the minimum requirement for any meaningful bounce, with the first target being the mid-channel area near 230–248. A confirmed close below 186.5 and breakdown of the lower channel boundary would push price into new low territory with no visible structural support below. This is the last support inside the descending channel. Hold 186.5–200 → channel bounce possible, eyes on 230–248 mid-channel. Lose 186.5 → channel breaks down, new lows with no support below. Fully bearish inside descending channel. Structure only shifts on confirmed break above descending resistance.