BOSS Wallet data source, Bitcoin today's news, BTC latest price: $98899.27, 24-hour increase 0.772%, trading volume $21.715 billion

According to the K-line chart, there is currently an upward trend. Slightly up compared to 00:00, slightly down compared to 23:00, a rebound compared to 18:00, and a decrease compared to 20:00. Price is rising but trading volume is decreasing, which usually indicates that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be due to a lack of selling pressure, known as 'upward movement without volume'. In this case, future prices may experience a pullback or sideways consolidation. Due to the lack of trading volume support, the price increase may be difficult to sustain, and one should be wary of the risk of price retracement at high levels.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying interest. Upward trend, decreasing trading volume, rising prices. According to the Williams indicator, it is currently considered overbought. Recently, trading volume has decreased, trading volume is lower than in previous hours, price is rising, and trading volume is decreasing: upward momentum is weakening.

Upward momentum is weakening, be cautious of price pullbacks, and it is recommended to appropriately reduce positions and pay attention to changes in trading volume.

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