BOSS Wallet data source, real-time price of Bitcoin BTC, the latest price of BTC Bitcoin today reaches $97713.31, with an increase of 1.01%, trading volume $46.45 billion

Analysis of the candlestick chart shows that it is currently in an upward trend compared to a significant drop at 11:00, with some recovery since 08:00. Prices are rising but trading volume is declining, which usually indicates weakening upward momentum in the market and a decrease in the number of buyers.
This divergence phenomenon between price and volume may be caused by a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to sustain. Investors should be alert to the risk of a high-level pullback and pay attention to whether trading volume can keep up with price increases and whether new buying pressure emerges.
Trading volume has decreased compared to previous days, prices are rising, and trading volume is declining: upward momentum is weakening. The Williams indicator indicates that it is currently in an overbought state. Recently, trading volume has decreased, trading volume has decreased compared to the previous few hours, prices are rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, or there is a risk of a pullback, it is recommended that investors reduce positions and observe.

The above content is for reference only and does not constitute investment advice.