BOSS Wallet data source, Bitcoin Cash bitcoin-cash real-time price quotes, BCH Bitcoin Cash's latest price today reached $441.6, an increase of 3.52%, and the transaction volume was $310 million

By observing the K-line chart, it is currently in an upward trend. It has risen significantly compared to 11:00 and has fallen slightly compared to 06:00. When prices rise and trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a pullback from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
The recent trading volume has decreased, and the price increase momentum has weakened. The Williams indicator shows that the current market is overbought. The recent trading volume has decreased, and the trading volume is less than the previous few hours. The price has risen, and the trading volume has decreased: the upward momentum has weakened.

The market is overbought and the upward momentum has weakened. It is recommended to reduce positions or wait and see to guard against the risk of a pullback.

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