BCHUSDT: liquidity sweep before bullish reversalBitcoin Cash / TetherUSBINANCE:BCHUSDT3CommasThe Macro Picture 🗺️ Bitcoin Cash has been carving a textbook descending structure since the January peak at $675, with every rebound capped by a clean lower high near $575. The recent break of the $425 range floor accelerated price into extension territory, and the market is now hunting the next liquidity pocket below. This is the kind of structural reset that demands a deep test of the macro floor before any meaningful reversal can take shape — the path of least resistance still points down until that test happens. The Setup ⚙️ The Ceiling: The $425 range floor has flipped into overhead supply, where trapped longs from the March–May consolidation are now sitting in drawdown and will defend exits at breakeven. This level caps any bounce attempt and turns every rally into a fade opportunity for structural sellers. The Sweep Zone: The $300 macro floor remains untested and desperately needs to be tested. Bears are pressing into deeply oversold RSI conditions near 20 — the exact setup that typically precedes a final liquidity hunt to clear out over-leveraged longs clustered just above the macro floor. The Reaction: RSI is exhausted, but inside a confirmed downtrend, oversold readings rarely mark the bottom directly. Expect a shallow relief attempt that gets rejected before the structural flush plays out, not a clean reversal from current levels. The Roadmap: Primary target sits at $300 — a clean tag of the macro floor would complete the liquidity hunt and create the high-confluence zone where a structural bounce becomes viable. Invalidation: a sustained daily close above $425 would invalidate this bearish thesis and signal a premature reclaim of the broken range.