BOSS Wallet data source, Bitcoin market news today, BTC latest price: $98926.1, 24-hour increase 1.415%, trading volume $35.227 billion

Based on the candlestick chart analysis, it is currently in an upward trend. Compared to 16:00, there has been a significant drop, but a rebound since 09:00. When the price rises while trading volume decreases, it usually indicates a weakening upward momentum and a decrease in the number of buyers.
This divergence phenomenon between price and volume is usually due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, it is difficult for price increases to be sustained, and there is a need to be cautious of the risk of a high-level retreat. Investors should pay attention to whether trading volume can match price increases and whether new buying pressure enters the market.
Upward trend, decreased trading volume, and rising prices. According to the Williams indicator, it is currently overbought. Recently, trading volume has decreased, with trading volume down compared to the previous few hours, and prices have risen while trading volume has dropped: upward momentum is weakening.
Upward momentum is weakening; it is advisable to remain cautious and consider reducing positions, paying attention to changes in trading volume and new buying pressure.

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

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