BOSS Wallet data source, Bitcoin Cash bitcoin-cash real-time price quotes, BCH Bitcoin Cash's latest price today reached $534.8, an increase of 3.66%, and the transaction volume was $601 million

Based on the analysis of the candlestick chart, the current trend is oscillating. It has risen significantly compared to 07:00, rebounded compared to 02:00, and broke through the high point of 08:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines 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 intervention. The market activity is low and the momentum is weakening. The Williams indicator shows that now is the time to overbought. The trading volume has decreased recently, and the trading volume is less than in the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakening.

The upward momentum has weakened. It is recommended to remain cautious, pay attention to changes in trading volume, and be alert to the risk of price decline.

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