BOSS Wallet data source, Bitcoin Cash bitcoin-cash real-time price quotes, BCH Bitcoin Cash's latest price today reached $530.4, an increase of 3.01%, and the transaction volume was $601 million

According to the K-line chart analysis results, the current trend is oscillating. Compared with 07:00, it has risen significantly, and has rebounded compared with 02:00, breaking through the high point of 08:00. When prices rise but trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling. In this context, prices may experience a correction or sideways movement in the future, as the price increase is difficult to sustain due to the lack of trading volume support. Investors should be wary of the risk of price decline at high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying intervention.
Market enthusiasm is low, trading volume has decreased. The Williams indicator shows that it is currently in an overbought state. Recent trading volume has decreased, with trading volume down compared to the past few hours, prices rising, and trading volume declining: upward momentum is weakening.
Market upward momentum is weakening, it is advisable to operate cautiously, avoid blind entry, and pay attention to trading volume and new buy orders.

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