BOSS Wallet data source, real-time price of Bitcoin BTC, the latest price of BTC today reaches $94999.99, with an increase of 1.00%, trading volume $24.078 billion

According to the analysis of the candlestick chart, the trend is currently upward. Compared to 18:00, there is a significant increase, a recovery compared to 11:00, but a decrease compared to 15:00. The price is rising but the trading volume is decreasing, which usually indicates a weakening of market upward momentum and a reduction in the number of buyers.
This phenomenon of divergence between volume and price may be caused by a lack of selling pressure. In this case, future prices may experience a correction or sideways consolidation, as the lack of trading volume support makes it difficult for prices to maintain their upward trajectory. Investors should be cautious of the risk of a high-level pullback and pay attention to whether the trading volume can keep up with the price increase, as well as whether new buying interest emerges.
Trading volume has decreased compared to previous days, prices are rising, and trading volume is declining: upward momentum is weakening. The William indicator shows that it is currently in the overbought zone. Recently, trading volume has decreased, trading volume has decreased compared to the previous hours, prices are rising, and trading volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to reduce positions and wait for market clarity, being cautious of the risk of a high-level pullback.

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

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