BOSS Wallet data source, real-time price of Bitcoin Cash BCH, the latest price of BCH today reached $452, with an increase of up to 3.03%, trading volume $339 million

According to the K-line chart, there is currently an upward trend. Compared to 10:00, it has significantly dropped, but has recovered compared to 03:00 and declined compared to 09:00. Price is rising but trading volume is decreasing, which usually indicates a weakening upward momentum in the market and a reduction in buyers.
This phenomenon of divergence between volume and price may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be wary of the risk of a high-level retreat and pay attention to whether trading volume can keep up with rising prices, as well as whether there is new buying interest.
Trading volume is decreasing, and upward momentum is weakening. According to the Williams indicator, the current market is neither overbought nor oversold. Recent trading volume has decreased, with volume lower than in previous hours, while prices are rising, leading to decreased trading volume: upward momentum is weakening.

The market's upward momentum is weakening, suggesting cautious operations and attention to changes in volume and price as well as new buying interest.

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