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Bitcoin (BTCUSD) is deepening its losses- Analysis-05-02-2026
Bitcoin’s price kept declining during its last intraday trading, breaking the key support of $74,000, which represents potential target in our previous analysis, this break reinforced the strength of the selling pressure and pushed the price to record new losses with the acceleration of the negative momentum on short-term basis.
This weak performance comes amid clear dominance for the main bearish trend, with the continuation of the trading below EMA50, forming dynamic resistance that press on any rebounding attempts, besides the emergence of negative signals from relative strength indicators, preferring the continuation of the pressures in the upcoming trading, unless clear opposing technical signals emerge.
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Crude oil prices keep its bullish trend despite the intraday decline- Analysis-05-02-2026
Crude oil prices declined in their last intraday trading, in natural corrective move to take breather, as the price is attempting to gain bullish momentum that might help it to recover and return to the upside again, accompanied by the attempts of relative strength indicators to offload its overbought conditions, especially with the emergence of negative signals from there, which explains the current fluctuation.
MoreSilver Price reaches our expected target– Analysis-05-02-2026
Silver prices (SILVER) slipped lower in their recent intraday trading, after the failure to breach the key resistance at $90.00, which turned into selling pressure that pushed the price to decline, reaching our expected target in our previous analysis at $81.30 support.
MoreGold price is under pressure after failure to breach psychological resistance - Analysis-05-02-2026
Gold prices (GOLD) declined during recent intraday trading, to settle below $5,000 key resistance, amid the failure to regain the psychological barrier. This comes amid the dominance of short-term bearish corrective wave, which limits the chances of quick recovery in the current period.
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