BOSS Wallet data source, real-time price of Bitcoin Cash BCH, the latest price of BCH today is $513.8, with an increase of 3.05%, trading volume $1.331 billion

According to the analysis of the K-line chart, it is currently in a downward trend, having significantly risen compared to 11:00, rebounding from 08:00, but has decreased compared to 05:00. The price is rising but the trading volume is declining, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This divergence phenomenon of price and volume may be due to insufficient selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price drops at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Trading volume is decreasing while the price is rising. According to the Williams indicator, the current state shows no overbought or oversold conditions. Recently, trading volume has decreased, with trading volume lower than in previous hours, and price is rising while trading volume is declining: upward momentum is weakening.

The market's upward momentum is weakening; it is recommended to remain cautious and pay attention to trading volume and new buying interest.

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