BOSS Wallet data source, Bitcoin price today, BTC Bitcoin latest price broke through to $60479.8, an increase of 1.04%, transaction volume $29.141 billion
According to the analysis of the K-line chart, it is now in an upward trend. It has risen significantly compared to 15:00, rebounded compared to 09:00, and decreased compared to 07:00. Rising prices but falling trading volume usually means that the market's upward momentum is weakening and the number of buyers is decreasing.
This phenomenon of volume-price divergence may be due to insufficient selling. In this case, prices may pull back or go sideways in the future. Due to the lack of trading volume support, price increases may be difficult to sustain, and investors should be wary of the risk of price declines at high levels.
It is recommended to pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. Market sentiment is low and prices are rising. The Williams indicator shows that the current stage is not overbought or oversold. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum is weakened.

The upward momentum has weakened, so it is recommended to wait and see and make decisions after the market stabilizes and trading volume catches up.
The above content is for reference only and does not constitute investment advice.

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