BOSS Wallet data source, Bitcoin Cash bitcoin-cash today's market news, BCH Bitcoin Cash latest price: $487.1, 24 hours up 13.36%, transaction volume $583 million
According to the candlestick chart analysis, it is now an upward trend. Compared with 20:00, it fell sharply, breaking through the low point at 13:00, and fell slightly compared with 14:00. The price fell but the trading volume increased, which usually indicates that the selling pressure increased and the sellers were actively shipping.
This could be because the market is pessimistic about future prices or there is negative news that triggers panic selling. In this case, prices may continue to fall in the future because of the heavy selling pressure and pessimistic market sentiment. Investors should be wary of whether prices will fall below key support levels, which could lead to a larger decline if support levels are broken.
The market is in an upward trend, and the trading volume has increased, indicating that the market is active. According to the Williams indicator, there is no overbought or oversold at present. The trading volume has increased recently, and the trading volume has increased compared with the previous few hours. The price has fallen, and the trading volume has increased: the selling pressure has increased.
The rise may be affected by the active market. It is recommended to continue observing, be alert to the support level, and operate cautiously according to the Williams indicator.
The above content is for reference only and does not constitute investment advice.