BOSS Wallet data source, Bitcoin BTC real-time price quotes, BTC Bitcoin's latest price today is $97941.38, an increase of 1.00%, and the transaction volume is $36.152 billion

By studying the K-line chart, it is now in an upward trend. It has risen significantly compared to 13:00, rebounded compared to 07:00, and broke through the high point of 14:00. The price rises but the trading volume decreases, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be caused by a lack of selling. In this case, prices may fall back or go sideways in the future, because the lack of trading volume support makes it difficult for price increases to continue. Investors need to be alert to the risk of a pullback from highs, and pay attention to whether trading volume can keep up with price increases and whether there is new buying intervention.
Trading volume has decreased compared to the previous days, while prices have risen, indicating a decline in upward momentum. The Williams indicator suggests that the market is currently in an overbought state. Recently, trading volume has decreased, with volume lower than in the past few hours, prices have risen, and volume has dropped: upward momentum is weakening.

Upward momentum is weakening; it is recommended to reduce positions and observe the situation, paying attention to changes in trading volume and new buying interest.

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

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