I've been observing Bitcoin Cash (BCH) since early December, and its performance has significantly outperformed other assets, which is quite interesting. While many asset prices fluctuate wildly or chase fleeting trends, BCH has remained stable for most of the time, fluctuating within a clear range. This suggests it's in a consolidation phase, not a period of weakness. Several factors explain BCH's structural stability: ▸ Continuous protocol upgrades have improved throughput and reliability without disrupting the network. ▸ Increasing merchant acceptance in regions that truly value low fees and fast settlements. ▸ A clear positioning as a payments-centric asset, rather than an experimental project driven by hype. ▸ Strong year-to-date performance has attracted increasing institutional attention. Chartically, this translates to a continuous game between buyers and sellers, with demand repeatedly appearing in the mid-$500 range, while resistance forms above $600. Momentum indicators show that pressure is building rather than weakening. If Bitcoin Cash (BCH) can regain its footing in the $600-$620 range, it will signal a shift from a consolidation phase to an expansion phase. Otherwise, the current market structure still reflects a market digesting gains rather than exiting. Payment transactions on Bitcoin Cash are typically low-key, but when market sentiment aligns with the structure, the next move is often hard to ignore.