BCH's recent rally has attracted a lot of attention. From the initial bullish view at 542, to the secondary confirmation at 594, and then to reversing the position after stopping out at 570, each move has been supported by market momentum. Currently, the price has stabilized above 610, and many traders are beginning to consider how much room there is for further movement.

Analyzing BCH's rise cannot rely solely on the price figures themselves. More importantly, it is essential to observe the volume performance — from the bottom to now, the trading volume has been steadily increasing, which precisely indicates that the upward trend is healthy rather than a false surge or inflated move. This detail is crucial for judging the sustainability of the trend.

From a technical perspective, the first target for contract traders is at 650. This level is a previous minor high, which may have some trapped sellers, but judging by the current trend strength, breaking through is quite likely. Once 650 is effectively surpassed, the next resistance level to watch is around 700.

Spot investors can adopt a longer-term view. From the fundamentals and valuation perspective, BCH's potential has not been fully unleashed. Coupled with the current positive environment in the entire crypto market and the increased recognition of mainstream coins, these factors support further upward movement. From this angle, aiming for 1000 is not just a fantasy.

Why can the market quickly reverse after stopping out at 570? The reason is that market sentiment is read through on-chain signals. After the stop-loss was executed, a large amount of buy orders appeared immediately around 570, and the price stabilized and rebounded accordingly. This signal indicates that the market does not recognize prices below 570 and is actively accumulating. Participating again at this point makes the risk-reward ratio more reasonable.