BOSS Wallet data source, Bitcoin Cash bitcoin-cash real-time price quotes, BCH Bitcoin Cash's latest price today reached $479.6, an increase of 3.01%, and the transaction volume was $583 million
From the analysis of the K-line chart, the current trend is upward. It is slightly higher than 16:00, slightly lower than 15:00, higher than 08:00, and lower than 10:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may fall back or go sideways in the future, because the lack of trading volume support makes it difficult for price increases to continue. Investors need to be alert to the risk of a pullback from highs, and pay attention to whether trading volume can keep up with price increases and whether there is new buying intervention.
The recent trading volume has decreased, and the price increase momentum has weakened. The Williams indicator shows that the current market is overbought. The recent trading volume has decreased, and the trading volume is less than the previous few hours. The price has risen, and the trading volume has decreased: the upward momentum has weakened.

The market is overbought and the upward momentum has weakened. It is recommended to reduce positions or wait and see to reduce the risk of a pullback.
The above content is for reference only and does not constitute investment advice.