Bitcoin (BTCUSD) gathers positive momentum - Analysis-09-04-2026

Crude oil extended its gains during recent intraday trading, attempting to recover part of its previous losses, supported by relative improvement in momentum as the price tries to ease its oversold condition in relative strength indicators, especially with the emergence of positive signals. This movement reflects the price attempting to catch its breath after recent pressures.

Silver deepened its losses during recent intraday trading, reaching EMA50’s support, in a move that reflects a natural corrective phase following previous gains. The price used this pullback to ease its overbought condition in relative strength indicators, helping to calm negative momentum and prepare the market for more stable movements.

Gold continued its decline during recent intraday trading, affected by the firmness of the key resistance level at $4,800, which has acted as a barrier to further gains. This pressure comes alongside continued negative signals from relative strength indicators after previously reaching overbought levels, reflecting a natural cooling in momentum following a strong rally.