BOSS Wallet data source, Bitcoin Cash BCH today's market news, the latest price of BCH Bitcoin Cash: $515, 24-hour drop -0.62%, trading volume $1.34 billion

From the K-line chart, it can be seen that it is currently in a downward trend. Compared to 11:00, it has risen significantly, has recovered compared to 08:00, and has decreased compared to 05:00. The price is rising but the trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This divergence phenomenon in volume and price may be due to insufficient selling pressure. In this case, future prices may pull back or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be alert to the risk of price retreating at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest. Decreased trading volume and rising prices indicate weakening upward momentum. The Williams indicator shows that it is currently neither overbought nor oversold. Recently, trading volume has decreased, trading volume has reduced compared to the previous few hours, and prices are rising while trading volume is falling: upward momentum is weakening.

With weakening upward momentum, it is advisable to wait and see, focusing on trading volume and new buying interest, and guarding against the risk of price retreat.

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