Bitop Analysis: BCH Short-Term Strategy & Potential Gains for PNUT & POL

Recent price movements show that Bitcoin Cash (BCH) has experienced a brief surge after breaking below its support level at $524. This rally, with an impressive 7.26% jump yesterday, closed at $584.7. However, the lack of significant volume increase suggests a potential retest before further upward movement. Analysts suggest shorting BCH around $580-$590 for profit targets set at $524, $494, and $470. A stop-loss order should be placed above the previous high of $608.1.