BCH hits $500! Can it go higher? Keep your eyes on $525! Bitcoin Cash suddenly exerted its strength and hit the $500 mark, soaring 4.38% in the day, directly reaching $504.8, standing at the top of the short-term trend. This wave of growth has a good coordination of volume, with daily trading volume soaring 22%, and the market value approaching 10 billion US dollars. From a technical point of view, the K-line breaks through the upper track of the rising channel, which is undoubtedly strong; and the 20-day moving average has long been left under the feet, and the momentum is very strong. But don’t just be bullish - the on-chain data gives some "intriguing" signals: The active address has increased, indicating that popularity is coming back; but the number of transactions has declined, which may be that large investors are quietly accumulating funds, or retail investors are reluctant to sell. Next, keep an eye on two key positions: The upper pressure is at $525, a breakthrough means real strength and sustainability The lower support is at $478, once it falls back, today's wave will become a fake move Is BCH going to take off or set off fireworks? Tell us what you think in the comment section, do you chase this position? #BCH #NextFedChairmanCandidate #Sei #UNI #PowellSemi-AnnualMonetaryPolicyTestimony $BCH $ETH $FUN