Bitcoin Cash currently trades at 430 USD, marking a 0.1% increase, though its price remains down by 6.5% over the week. The MACD indicator has issued a sell signal, implying that BCH might head towards 365 USD. Traders should watch closely for further potential fluctuations or confirmations of this signal.

Despite bearish analysis, traders on Binance seem optimistic, with 71% taking long positions on BCH. However, there is still a looming risk of liquidation if prices drop significantly. These positions come during a period of reduced funding rates, now at 0.0076%, which might encourage such Optimism among traders.