BOSS Wallet data source, Bitcoin BTC price today, BTC Bitcoin latest price broke through to $59853.9, an increase of 1.00%, transaction volume $27.942 billion
Judging from the results of the K-line chart, it is now in a downward trend. It is slightly higher than 17:00, slightly lower than 16:00, and lower than 11:00. The price is falling but the trading volume is rising, which usually means that the market selling pressure is increasing and the sellers are actively selling.
This may be due to the market's pessimistic expectations for future prices or panic selling caused by negative news. Prices may continue to fall in the future due to high selling pressure and pessimistic market sentiment. Investors should be wary of whether prices will fall below key support levels. If support levels are lost, it may trigger a larger decline.
In a downtrend, the volume increases and the price falls. The Williams indicator indicates that there is no overbought or oversold at present. The volume has increased recently, and the volume is higher than in the previous few hours. The price falls and the volume increases: the selling pressure increases.

The rise may be a short-term rebound. It is recommended to continue to pay attention to the market and consider stop loss if the selling pressure continues.
The above content is for reference only and does not constitute investment advice.

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