BOSS Wallet data source, Bitcoin Cash bitcoin-cash today's market news, BCH Bitcoin Cash latest price: $467.3, 24-hour increase 5.772%, trading volume $387 million

According to the candlestick chart, it is currently in a fluctuating trend. Compared to 10:00, there is a significant increase, and it has rebounded from 07:00, breaking through the high point of 11:00. The price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, considered a 'volume-less increase.' In this case, future prices may experience a correction or consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be wary of the risk of price retracement at high levels.
Investors should pay attention to whether trading volume can keep up with the price increase and whether new buying interest is emerging. Overbought state, trading volume decreases, price rises. According to the Williams indicator, the current situation is overbought. Recently, trading volume has decreased, trading volume has dropped compared to the previous few hours, price rises, trading volume declines: upward momentum weakens.

Upward momentum weakens, it is recommended to observe and wait for market direction to become clear before making decisions.

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