BOSS Wallet data source, real-time price of Bitcoin, the latest price of BTC today reaches $98819.99, with an increase of 1.00%, trading volume $48.809 billion
According to the candlestick chart analysis, it is currently in an upward trend. Slightly up compared to 20:00, slightly down compared to 19:00, rebounding compared to 12:00, and down compared to 13:00. When prices rise while trading volume decreases, it usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This divergence between volume and price is usually due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of volume support, it is difficult for price increases to be sustained, and there is a risk of a decline from high levels. Investors should pay attention to whether trading volume can support the price rise and if new buying pressure enters the market.
Market trend is upward, trading volume is decreasing, and prices are rising. The Williams indicator shows that it is currently in the overbought zone. Recent trading volume has decreased, with volume lower than in previous hours, while price rises and volume falls: upward momentum is weakening.
Upward momentum is weakening, it is recommended to reduce positions to mitigate risks, and pay attention to trading volume and new buying pressure.
The above content is for reference only and does not constitute investment advice.