Recently, the trend of BCH has indeed been interesting. Large funds are positioning here, and the short positions are also active — a large number of short orders and Spot selling pressure alternate, causing the price to repeatedly entangle in this confrontation. Want to short? The price is instead pumped up. This situation is actually quite easy to understand.

Observing the entire altcoin sector, BCH's current decline is relatively mild, making it a prime target for short positions. They are concentrating their firepower on opening short orders in BCH, partly to push the price down and partly to exhaust retail investors' patience. In the short term, BCH is unlikely to exhibit a smooth downward trend; instead, it will likely oscillate at high levels—repeatedly testing the top, triggering stop-losses, accumulating positions, and then pumping again. This cycle will repeat multiple times until market participants' patience is completely exhausted. Such a sideways high pattern often indicates that greater volatility is about to come.