BOSS Wallet data source, Bitcoin BTC latest price news, BTC Bitcoin real-time price increased by 1.02% to $96684.65, trading volume $29.66 billion

From the analysis results of the candlestick chart, it is currently in a downward trend. Compared to 05:00, there has been a significant increase, and there has been a recovery compared to 02:00, breaking through the high point of 06:00. When the price rises while the trading volume decreases, it usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling pressure. In this case, the future price may retrace or consolidate sideways. Due to the lack of trading volume support, it is difficult for prices to sustain their rise, and there is a risk of a pullback from high levels. Investors should pay attention to whether trading volume can accompany price increases and whether there are new buyers entering the market.
Market activity is low, and momentum is weakening. The Williams indicator shows that the current market state is neither overbought nor oversold. Recent trading volume has decreased, trading volume has reduced compared to previous hours, prices are rising while trading volume is decreasing: upward momentum is weakening.

Market upward momentum is weakening, it is advisable to remain cautious, pay attention to changes in trading volume, and wait for the market to stabilize.

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

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