BOSS Wallet data source, Bitcoin Cash (BCH) current price trend, BCH latest price has broken through to $534.9, an increase of 3.60%, trading volume $609 million

According to the candlestick chart, it is currently in a volatile trend. Compared to 20:00, it has increased significantly, but has decreased compared to 15:00. When the price rises but the trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually caused by a lack of selling pressure. In this context, the future price may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for the price to maintain its rise. Investors should be wary of the risk of price retracement at high levels and pay attention to whether trading volume can keep up with the price increase and whether there is new buying interest.
In a volatile trend, trading volume decreases while prices rise. According to the Williams indicator, it is now in an overbought state. Recently, trading volume has decreased, trading volume compared to the previous hours has reduced, prices are rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, be wary of pullback risks, it is recommended that investors remain cautious.

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