#BCHUSDT ANALYSIS (1D Timeframe)

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#BCHUSDT ANALYSIS (1D Timeframe)Bitcoin Cash / TetherUS PERPETUAL CONTRACTBINANCE:BCHUSDT.Pcrypto_vulture_signalsBCHUSDT is trading inside a descending channel, indicating that the broader trend remains bearish. Price recently faced rejection near the upper channel resistance and is now drifting back toward the middle of the channel. 📍 Current Price: ~212 USDT 🟢 Key Support: 180–190 USDT 🔴 Key Resistance: 224–245 USDT Bullish Scenario A daily close above the descending channel resistance would invalidate the bearish structure and could trigger a stronger recovery. 🎯 Breakout Target: 224.49 USDT 🎯 Extended Target: 245–260 USDT if bullish momentum continues. Bearish Scenario As long as BCH remains below the channel resistance, sellers retain control. 📉 Downside Target: 190 USDT 📉 Major Support: 180 USDT ⚠️ Invalidation: A daily close above 245 USDT would invalidate the bearish outlook. Market Outlook: Bearish to Neutral. BCH remains trapped inside a descending channel. Until buyers reclaim the upper trendline, the probability favors continued consolidation or another move toward the lower support zone.