BOSS Wallet data source, the latest Bitcoin BTC price news, BTC real-time price rose 1.01% to $94700, transaction volume $61.536 billion

After analyzing the K-line chart, it is currently in an upward trend. It fell sharply compared to 04:00, rebounded compared to 21:00, and fell compared to 03:00. When prices rise and trading volume decreases, it usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence is usually due to a lack of selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases are difficult to sustain, and we need to be alert to the risk of a pullback from highs. Investors should pay attention to whether trading volume can match price increases and whether there are new buy orders entering the market.
Upward trend, overbought, recent trading volume has decreased, price is rising, trading volume is declining: bullish momentum is weakening. The Williams indicator shows that the current market status is overbought. Recent trading volume has decreased, trading volume compared to the previous few hours is down, price is rising, trading volume is declining: bullish momentum is weakening.

Bullish momentum is weakening, investors are advised to be cautious in chasing higher prices and pay attention to changes in trading volume and new buying orders.

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

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