BCHUSDT – Wave (4) Sweep Completed, Downside Next?

Hello traders,

BCH pushed into the swing high liquidity around 580–590 and made a clear sweep, which aligns with a potential wave (4) inside a broader bearish setup.

After the sweep, price rejected and broke down with displacement, losing the 538 resistance level again and accelerating toward 483.

Structure now favors bearish continuation.

Scenario in play:
• Short-term bounce into 520–538 resistance
• Lower high formation
• Expansion lower toward 430–400 (wave 5 objective)

Key level to watch is 463. Acceptance below that increases probability of acceleration into deeper liquidity.

Invalidation = strong reclaim and acceptance above 590

Good Luck!