BCH's recent trend has been quite interesting. After consolidating for so long, institutional whales have net inflows of $2.24 million. Although the price has slightly retraced by 1.3% during this period, it seems that the buying enthusiasm of large investors has not diminished at all.

From a trading perspective, smart money maintains a long-short ratio of 6.0, and top traders are even accumulating on dips with an 8x trading volume ratio, clearly indicating accumulation of positions. Technically, BCH is repeatedly testing the support at $606 and resistance at $628. The RSI is in the neutral zone, suggesting that a period of higher volatility may be brewing.

Based on the current technical pattern and institutional movements, a rebound is expected after this afternoon, with a target around $660. The bulls have sufficient positions and good trading volume, with relatively stable bottom support. If this wave can break through the resistance above $628, there is still room for upward movement.