BOSS Wallet data source, Bitcoin Cash BCH today's market news, BCH Bitcoin Cash latest price: $515, 24-hour drop -0.62%, trading volume $1.34 billion

From the candlestick chart, it can be seen that it is currently in a downward trend. Compared to 11:00, there has been a significant increase, a recovery compared to 08:00, and a decline compared to 05:00. Price is rising but trading volume is decreasing, which usually indicates that the upward momentum of the market is weakening and the number of buyers is decreasing.
This volume-price divergence phenomenon may be due to insufficient selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be cautious of the risk of price pullback at high levels.
It is recommended to pay attention to whether trading volume can keep up with price increases and whether there are new buyers entering. Decreased trading volume and rising prices indicate weakened upward momentum. The Williams indicator shows that it is currently neither overbought nor oversold. Recently, trading volume has decreased, trading volume has decreased compared to the previous hours, price is rising, and trading volume is falling: upward momentum is weakening.

Weakening upward momentum, it is recommended to wait and see, pay attention to trading volume and new buying, and guard against the risk of price pullback.

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