BOSS Wallet data source, Bitcoin today's market news, latest BTC Bitcoin price: $93795.25, 24-hour drop -2.048%, trading volume $64.282 billion

Analysis from the candlestick chart indicates a downward trend. There was a significant increase compared to 08:00, but a decrease compared to 01:00. The price is declining while trading volume is increasing, which usually means increased selling pressure in the market, with sellers actively selling.
This may be due to the market's pessimistic expectations for future prices or panic selling triggered by negative news. Future prices may continue to decline due to significant selling pressure and pessimistic market sentiment. Investors should be vigilant about whether prices will break below key support levels; if support is lost, it may trigger a larger decline.
Increasing trading volume with a declining price indicates significant selling pressure in the market. According to the Williams indicator, it is currently neither overbought nor oversold. Recently, trading volume has increased compared to previous hours, with price declining and volume rising: selling pressure is increasing.

The market trend is inconsistent with expectations; it is advised to observe and wait for the trend to clarify before making decisions.

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

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