BOSS Wallet data source, real-time price trend of Bitcoin, the latest price of BTC Bitcoin today reached $94753.1, with a rise of up to 1.00%, trading volume $64.241 billion

The candlestick chart shows that it is currently a downward trend. Compared to 20:00, there has been a significant increase, a recovery compared to 17:00, and a decrease compared to 15:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum in the market is weakening and the number of buyers is decreasing.
This divergence between price and volume may be due to insufficient selling pressure. In this case, the future price may correct or consolidate sideways. Due to the lack of volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price pullbacks at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there are new buyers entering. In a downward trend, trading volume decreases while the price rises. The Williams indicator indicates that there is currently no overbought or oversold condition. Recently, trading volume has decreased, with volume down compared to the previous few hours, while prices are rising and volume is declining: upward momentum is weakening.

Upward momentum is weakening, it is recommended to remain cautious, focusing on changes in trading volume and new buyer participation.

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