Bitcoin Cash just cracked a two-year downtrend and sprinted into open air — and the next few candles could decide whether BCH triggers a high-timeframe trend reversal or stalls into heavy supply. With price hovering near $612, the market is laser-focused on reactions at $776.1, $960.8, and $1,157.1 — three gates that will separate a routine relief bounce from a true breakout.

What just happened

BCH has broken above a long-standing falling channel on the weekly chart, a structure analysts compare to a developing cup-and-handle on the macro timeframe. Weekly momentum turned higher with a double-digit gain, signaling fresh participation and the potential start of a more constructive trend after months of compression.

Why this matters to traders

When multi-year downtrends snap, order flow can reprice quickly toward untested supply. The three nearby levels are crowded with resting liquidity and trapped positions: - $776.1: first supply shelf; a clean break or hard rejection here often sets the tone. - $960.8: prior horizontal rejection; acceptance above typically forces late shorts to cover. - $1,157.1: measured move extension; the point where trend strength is validated or fades.

Sustained acceptance above each level would confirm trend expansion; sharp rejections warn of a fakeout and rotation back into range.

How to trade the levels

• $776.1 (minor resistance): Look for a break-and-retest on the daily. A daily close above followed by a shallow pullback that holds prior resistance as support signals continuation. Invalidation: daily close back below the breakout candle’s low.
• $960.8 (major resistance): Prefer weekly confirmation. Rising volume and strong closes into the level reduce fade risk. A liquidity sweep above $960.8 that quickly closes back below is a short setup; steady closes above with higher lows favor longs. Manage with partial profits into the round-number zone near $1,000.
• $1,157.1 (extension target): Take profits into strength. If momentum and volume expand into this area, trail stops under higher lows on the 4H/1D to stay with the move; if momentum stalls, scale out and wait for a new base.

Validation and invalidation

For confirmation, watch for a weekly close outside the broken channel, rising participation (volume/OBV), and higher lows on the daily. Invalidation is a decisive daily close back inside the old channel coupled with momentum loss — a common hallmark of failed breakouts.

Risk checklist before pressing long

• Declining volume on up candles while approaching $776.1 or $960.8.
• Wicks above resistance without solid closes (sign of supply absorption).
• Macro catalysts (rates, dollar strength) shifting risk appetite mid-week.
• Overextension on lower timeframes without consolidation (chase risk).

One actionable takeaway

Set alerts at $776.1 and $960.8 now and let the market come to you. Trade the reaction, not the prediction: wait for the close, validate with volume and higher lows, define a tight invalidation, and scale out into strength near $1,157.1 rather than aiming for a perfect top.

Bottom line

BCH’s break from a two-year channel shifts the macro bias toward bullish, but the rally only earns conviction if price accepts above $776.1 and $960.8 on strong closes. Plan the trade around those reactions, protect capital with clear invalidations, and let momentum do the heavy lifting.

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