While most of crypto slipped today, Bitcoin Cash quietly pushed a clean +4% and is now coiling just under a level that has flipped many rallies before. If buyers can force a decisive move above the **$607** barrier, the path toward the Fibonacci extension near **$665** could open quickly — but only if real spot demand and money flows confirm the break.

What’s happening now

BCH is trading below **$600**, pressing the **$607** resistance that previously capped advances. Momentum gauges look supportive: **Bull Bear Power (BBP)** remains firmly green, and **On-Balance Volume (OBV)** has been trending up, signaling accumulation in spot rather than purely derivatives-led action. However, **Chaikin Money Flow (CMF)** sits near **0.05** — positive, but well under the ~0.22 level seen the last time BCH tested **$607**. Exchange net flows have been falling; a turn to negative (more coins leaving exchanges) would typically strengthen the bull case.

Why this matters to traders

A break of **$607** with strengthening flows could unlock a swift, momentum-led push toward **$665** (roughly +12%). The combination of rising **OBV**, improving **CMF**, and declining exchange supply tends to precede trend continuation. Conversely, a rejection at **$607** while **CMF** stays muted increases the risk of a shakeout before any renewed attempt.

Key levels and confirmation signals

• Trigger: 4H/daily close above $607 with expanding volume.
• Follow-through: OBV printing a new local high and CMF accelerating further above zero.
• Target zone: $650–$665 (Fibonacci extension area).
• Supply signal: Exchange net flows flipping negative (coins moving off exchanges) to confirm reduced sell pressure.

Risk management and invalidation

Protect against false breakouts. If price wicks above **$607** but closes back below with weakening **OBV/CMF**, treat it as a trap. Place stops below the breakout candle’s low or below the most recent higher low, sized to your risk tolerance. Avoid chasing extended candles without confirmation — momentum reversals are common around prior resistance.

Game plan you can use today

• Break-and-retest: If BCH clears $607, look for a retest that holds as support, confirmed by rising CMF and firm OBV. If confirmed, target the $650–$665 zone.
• Rejection setup: If BCH fails at $607 and CMF stays flat or dips, step aside and wait for a liquidity sweep below recent higher lows, then a reclaim with improved money flow.
• Flow check: Monitor exchange net flows (Coinglass or similar). Sustained outflows support holding winners longer; sudden inflows warn of supply returning to market.

Bottom line

The structure favors bulls, but the key is confirmation. A clean reclaim of **$607** with improving **CMF**, strong **OBV**, and falling exchange supply tilts probability toward the **$665** extension. No confirmation, no chase — let the market prove it.

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