BCH has performed strongly in the past 24 hours, with an increase of over 1.8%. What forces are driving this rally? From a technical perspective, multiple EMA lines are trending upward, and the MACD remains above the signal line, indicating a clear bullish signal. Overall, these technical indicators tell the same story: buyers are in control.

Market sentiment also shows optimistic signals. Recently, BCH has attracted significant capital inflows. Especially during the wave at 22:00 UTC, an inflow of 912K USDT directly pushed up the price. Looking at a longer cycle, BCH's net buy-in over the past three years has remained stable, and top traders are increasing their long positions, indicating that institutional investors still maintain confidence in the future market.

However, everything has its other side. Although the capital inflow looks good, risk signals are also flashing. The six-period RSI surged to 91.02 at 22:00, which is clearly in overbought territory. Overheated markets often face correction pressure. More notably, while spot market funds are flowing in, the futures market has seen outflows of 5.81 million USDT within 24 hours, and spot also experienced an outflow of 1.79 million USDT. This asymmetric capital flow suggests there may be profit-taking pressure.

There is also a change in the technical picture: the Bollinger Bands are expanding, with the five-period standard deviation rising, indicating increased volatility. In such an environment, the risk of price reversal also increases. Therefore, although BCH currently has good bullish momentum, caution is needed regarding short-term correction risks.