BOSS Wallet data source, latest price news for Bitcoin BTC, the real-time price of BTC has risen by 1.03% to $93835.29, trading volume $62.879 billion

Based on the analysis results of the candlestick chart, it is currently in a downward trend. Compared to 13:00, there is a slight increase; compared to 12:00, there is a slight decrease; compared to 08:00, there is a rebound; compared to 05:00, there is a decline. When the price falls while trading volume rises, it usually indicates increased selling pressure in the market, with sellers actively selling.
This situation may be due to the market becoming pessimistic about future prices or being influenced by certain negative news, leading to panic selling. Future prices may continue to decline as selling pressure is high and market sentiment is pessimistic.
Investors should be cautious about whether the price will break through key support levels. If the support level is breached, it may trigger a larger decline. The market is hot, but prices are falling. The Williams indicator shows that it is currently neither overbought nor oversold.
Recently, trading volume has increased, with volume rising compared to the previous hours, while prices are falling: selling pressure is increasing.
The market is hot but has seen a price drop followed by an increase; selling pressure is increasing, suggesting cautious operations and paying attention to key support levels.

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