BOSS Wallet data source, Bitcoin BTC today's price trend, the latest price of BTC Bitcoin has broken through to $93755.2, an increase of 1.00%, trading volume $60.811 billion

By analyzing the candlestick chart, it is currently an upward trend. Compared to 01:00, there has been a significant increase, and there has been a recovery compared to 20:00, breaking through the high of 02:00. The price is rising but the trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to a lack of selling pressure. In this case, future prices may experience a pullback or sideways consolidation, as the lack of trading volume support makes it difficult for prices to sustain their rise. Investors should be cautious of the risk of a high-level pullback and pay attention to whether trading volume can keep up with the price increase and whether new buying pressure appears.
Decreased trading volume, weakened upward momentum. According to the Williams indicator, the current situation shows no overbought or oversold conditions. Recently, trading volume has decreased, the trading volume is lower than in the previous few hours, prices are rising, and trading volume is declining: upward momentum is weakening.

Weakened upward momentum, with a risk of pullback; it is advisable to operate cautiously and pay attention to changes in trading volume.

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

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