Recently industry heavyweight Yi Lihua made comments optimistic about the 2026 bull market, emphasizing opportunities in the first quarter, while also announcing a significant increase in ETH holdings, claiming to be the largest ETH bull in the industry. The topic quickly shifted to the allocation plans for BTC, BCH, and BNB. As a result, BCH was immediately hyped up, but a strange phenomenon occurred—that after this "positive news," BCH's actual price trend continued to decline, moving completely opposite to the supposed good news.

**News Perspective: Is it riding the wave or strategic positioning?**

Carefully examining Yi Lihua's statements, it’s clear that his bet on the 2026 bull market is heavily focused on ETH, with BCH just being a "casual allocation." It’s like saying you’re going to have a big feast and casually mention adding some side dishes; BCH is at best an inconspicuous side dish. Moreover, he also said something thought-provoking—that large funds find it difficult to fully concentrate at the lowest points. What does this imply? He may have already built his positions long ago, and now he's just making noise to attract follow-on traders, making it easier to offload at higher prices.

Additionally, recent industry contract holdings have surged, piling up risks to dangerous levels. Once the slightest disturbance occurs, a sharp decline could happen at any moment. So don’t be led by the news; the quality of this bullish signal is indeed limited, more like hype riding on the trend. Caution is advised, as the good news could turn into bad news once it is fully priced in.

**Technical Analysis: 4-hour K-line has already flashed a warning**

Looking at BCH’s 4-hour chart makes it clear—every detail hints at danger. The price is currently stuck at 618.52 USDT, but examining its lows—down to 617.83—only one step away from the today’s dip target of 590. The downside potential is still significant.

The BOLL bands are also signaling a bearish trend, with the middle band at 621.54, and the price tightly pressed against the lower band. The moving average system has already broken down, and the bearish advantage is fully established. From a 4-hour perspective, there are no signs of a meaningful support rebound; instead, new lows are being made layer by layer.

**Final judgment**

The "positive" news looks more like a smokescreen, while the technicals honestly reveal the truth. At this point, it’s wise to stay alert and prepare for subsequent risk releases.