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  • Bitcoin Cash price is trading in the red, with marginal  losses of 1.45% the session on Tuesday.
  • BCH/USD daily price action is retesting a bearish flag structure which the bulls managed to force a daily closure out of on Monday.
  • If the retest fails to hold, then it will likely be another fakeout, as seen in some 10 days ago.  


BCH/USD daily chart

The price is retesting a breached bearish flag structure via the daily chart view.

BCH/USD 60-minute chart

Upside momentum has been run its course, as the price runs into heavy hourly supply within $235 region.  


Spot rate:                   230.58

Relative change:       -1.45%

High:                          234.34

Low:                           228.20