BOSS Wallet data source, latest price information for Bitcoin, BTC Bitcoin real-time price increased by 1.02% to $95999.99, trading volume $58.275 billion

After analyzing the K-line chart, it was found that it is currently in an upward trend. Compared to 11:00, there was a slight increase; compared to 10:00, there was a slight decrease; compared to 03:00, there was a rebound; compared to 08:00, there was a decline. When the price rises but trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is usually caused by a lack of selling pressure. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their increase. Investors should be wary of the risk of price retreating from high levels and pay attention to whether trading volume can keep up with the price increase, as well as whether there is new buying interest.
Upward trend, overbought, recent trading volume has decreased, price has risen, trading volume has dropped: the upward momentum is weakening. The Williams indicator shows that the current market state is overbought. Recent trading volume has decreased, trading volume has dropped compared to previous hours, price has risen, trading volume has dropped: the upward momentum is weakening.

Upward momentum is weakening, be cautious of pullback risks, and it is advised that investors operate carefully to avoid chasing highs.

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

#BTC