BOSS Wallet data source, Bitcoin BTC today's market news, latest BTC Bitcoin price: $98838.99, 24-hour increase of 5.633%, trading volume $52.542 billion

Analysis of the candlestick chart indicates that it is currently in an upward trend compared to a significant drop at 14:00, a rebound from 10:00, and a decline from 13:00. Prices are rising but trading volume is decreasing, which usually indicates weakening upward momentum in the market and a reduction in the number of buyers.
The price increase may be due to a lack of selling pressure, considered a 'volume-less rise.' In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of support from trading volume, the price rise may be difficult to sustain, and one should be cautious of the risk of price retracement at high levels.
Investors should pay attention to whether trading volume can keep up with price increases and whether new buying interest is entering. The market trend is upward, trading volume is decreasing, and prices are rising. The Williams indicator suggests that it is currently overbought. Recently, trading volume has decreased, with volume lower than in previous hours, while prices are rising and volume is declining: upward momentum is weakening.

Weakening upward momentum, with a risk of pullback; it is recommended to appropriately reduce positions in a timely manner.

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