|
Bitcoin (BTCUSD) Comes Under Negative Pressure – Analysis – 03-08-2026
(BTCUSD) declined during its latest intraday trading after failing to break above the $63,500 resistance level, exposing the price to renewed selling pressure amid continued trading below its EMA50, which continues to act as dynamic resistance and reinforces sellers’ control over price movements.
Bitcoin is also moving within a short-term corrective bearish price channel, coinciding with the return of negative signals on the relative strength indicators after exiting overbought territory. This increases the likelihood of continued downside pressure in the near term, unless the price manages to breach the mentioned resistance in the coming period.
Thanks for your feedback.
Crude Oil Reaches Our Price Target – Analysis – 03-08-2026
Crude oil slipped during its latest intraday trading, reaching the support level at $78.00, which was a target in our previous analysis, amid continued selling pressure resulting from trading below EMA50, which continues to act as dynamic resistance.
MoreSilver Catches Its Breath, but Selling Pressure Remains –Analysis – 03-08-2026
The price of silver edged slightly higher during its latest intraday trading, attempting to alleviate some of its clearly oversold conditions on the relative strength indicators. The price benefited from the improvement in indicators, which began to generate positive signals, providing limited support for price movements.
MoreGold Trims Its Early Gains – Analysis – 03-08-2026
Gold rose at the start of the trading week, benefiting from improving momentum after positive signals emerged on the relative strength indicators following its entry into deeply oversold territory. However, the rise quickly encountered resistance at its EMA50, prompting the price to erase most of its early gains.
More