Continuing from the previous text

The BCH bulls successfully initiated a rebound near the 630 USD support level on the 1-hour chart and continued to make new highs, but since the move was on a five-minute segment and the support was not maintained, the 1-hour rebound logic has already played out. From a Chan theory perspective, a 30-minute correction is inevitable.
What needs to be watched now is the 2-hour support. Today, the price is around 635 USD. Given that altcoins tend to expand their correction levels, the support here should be assessed based on the five-minute structure of the correction from 669 to determine whether the 30-minute correction is complete or if it is just a segment of a five-minute rebound.
My trading plan is to wait for a test of the 4-hour support level (620-625 USD) before considering re-entry. I have abandoned participation at the 2-hour support level.