BOSS Wallet data source, Bitcoin bitcoin today's market news, BTC Bitcoin latest price: $90626.5, 24-hour drop -0.2%, trading volume $48.465 billion
After analyzing the candlestick chart, it is currently in an upward trend compared to a significant drop at 10:00, breaking through the low at 11:00, and has decreased compared to 07:00. When the price falls and trading volume rises, it usually indicates an increase in market selling pressure, with sellers actively selling.
This situation may be due to market expectations for future prices becoming pessimistic, or being influenced by certain negative news, leading to panic selling. Future prices may continue to decline as selling pressure is high and market sentiment is pessimistic.
Investors should be cautious about whether the price will break through key support levels. If the support level is breached, it could trigger a larger decline. Selling pressure increases, and prices fall. The Williams indicator indicates that it is currently neither overbought nor oversold. Recent trading volume has increased, with trading volume rising compared to previous hours, prices falling, and volume increasing: selling pressure increases.

The market remains unstable, and it is recommended to continue observing and operate cautiously.
The above content is for reference only and does not constitute investment advice.

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