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I just realized recently that BCH's core positioning is actually "peer-to-peer electronic cash." I didn't pay much attention to this fundamental before. After buying BCH at 612, I've been monitoring the price fluctuations, and it has now risen to 619.
Thinking about it, if BTC really breaks through the 100,000 mark, according to historical patterns, BCH as a Bitcoin fork should also rise. From the perspective of electronic cash properties, BCH's application potential in the payment field has been seriously underestimated. Based on this logic, I think BCH should at least see above 1000 to be reasonable.
The current dilemma is: what should I do with my short positions? The 619 level is already a bit awkward. I was planning to close it, but looking at resistance levels at 630, 650, 700, I feel a bit reluctant. Honestly, this wave of market movement is a bit scary, but precisely because I have a new understanding of the fundamentals, I’ve decided to hold and observe, and see how the subsequent trend develops.