【BCHJPY】The downward momentum shows no sign of stopping, heading into a battle around the 600,000 yen mark

As if being dragged down by Bitcoin, Bitcoin Cash is also falling. It is currently continuing to set new lows, slipping below the April low of about 630,000 yen. The Bollinger bands are expanding and moving along the -2σ line, and that momentum does not seem easy to stop. The next notable support candidate would be around a far distant 300,000 yen, the level from around October last year.