BOSS Wallet data source, Bitcoin market news today, BTC latest price: $98899.27, 24-hour increase 0.772%, trading volume $21.715 billion

According to the K-line chart, there is currently an upward trend. Compared to 00:00, there is a slight increase; compared to 23:00, there is a slight decrease; compared to 18:00, it has recovered; compared to 20:00, it has declined. Prices are rising but trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
The increase in price may be due to a lack of selling pressure, which is considered a 'volume-less increase'. In this case, future prices may experience a pullback or consolidation. Due to the lack of support from trading volume, price increases may be difficult to sustain, and there is a risk of price retreating from high levels.
Investors should pay attention to whether trading volume can keep up with price increases and whether new buying interest is coming in. Upward trend, declining trading volume, rising prices. According to the Williams indicator, it is currently in the overbought zone. Recently, trading volume has decreased, with trading volume lower than in previous hours, while prices are rising and trading volume is decreasing: upward momentum is weakening.

Upward momentum is weakening, be cautious of price pullbacks, and it is recommended to reduce positions appropriately, focusing on changes in trading volume.

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