BOSS Wallet data source, real-time price of Bitcoin BTC, the latest price of BTC today reached $94749.69, with an increase of 1.02%, trading volume of $65.174 billion.

After studying the candlestick chart, it is now an upward trend. Compared to 23:00, there has been a significant increase, and there has been a recovery compared to 17:00. 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 divergence between volume and price is usually caused by a lack of sell orders. In this context, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for price increases to be sustained. Investors should be cautious of the risk of price retracement at high levels and pay attention to whether the trading volume can keep up with the price increase, and whether there is new buying interest.
Market sentiment is sluggish, while prices are rising. According to the Williams indicator, the current state is neither overbought nor oversold. Recent trading volume has decreased, with trading volume lower than in previous hours, while prices have risen and volume has decreased: upward momentum is weakening.

Upward momentum is weakening, it is recommended to wait and observe, focusing on trading volume and new buying interest.

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

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