$BCH Although the short-term is in a consolidation phase, BCH's medium-term upward logic is clear. Several institutions have set February target prices of 720-750 USDT, corresponding to an upside potential of 25%-31%:

1. Supply tightening: BCH halving cycle approaching, miner output gradually decreasing, marginal selling pressure weakening;

2. Ecosystem deployment acceleration: Bridgeless cross-chain and smart contract optimizations promote DeFi and payment scenarios, on-chain active addresses are expected to bottom out and rebound;

3. Capital resonance: After the market stabilizes, undervalued mainstream fork coins see capital inflows, and recent signs of continuous accumulation by whales have appeared;

4. Macro environment easing: The Federal Reserve's rate cut expectations are rising, risk asset valuations are recovering, benefiting highly elastic crypto assets.

Risks to watch for include: a secondary market bottoming, on-chain ecosystem deployment falling short of expectations, and network stability changes caused by fluctuations in hash power.