|
Bitcoin (BTCUSD) is witnessing cautious gains- Analysis-02-03-2026
Bitcoin’s price (BTCUSD) rose in its recent intraday trading, taking advantage of the stability of $65,000 support, which provided bullish technical momentum that helped it to achieve limited gains, these moves target offloading some of the oversold levels on relative strength indicators, especially with the emergence of positive overlapping signals that supports the likelihoods of the temporary recovery continuation.
The negative pressures remain valid, as the price is moving below EMA50, which represents dynamic resistance that decelerates any strong bullish attempts, making any current rises under pressure unless it manages to breach the near resistance levels.
Therefore, we suggest a decline in BTCUSD in its upcoming intraday trading, conditioned by breaking $65,000 support, to target $70,000 support.
Expected trading range is bewteen$62,500 support and $70,000 resistance.
Today’s forecast: Neutral
Thanks for your feedback.
Crude oil prices begin the week with fluctuating moves- Analysis- 02-03-2026
Crude oil witnessed sharp and fluctuated trading on their last intraday trading, after opening the trading with strong bullish gap that allowed it to breach $69.50 resistance, however the price entered a quick wave to gather gains and take a breather and gain the required momentum to resume the rise.
MoreSilver Price is attempting to offload its overbought conditions– Analysis-02-03-2026
Silver prices witnessed fluctuating trading on the last intraday levels, affected by the emergence of the negative signals from relative strength indicators after reaching sharp overbought levels, in attempt to offload some of these conditions and calm the bullish momentum.
MoreGold prices are breaching our expected target- Analysis-02-03-2026
Gold price surged at the beginning of the week’s trading on the intraday levels, breaching our previously expected target at the current resistance at $5,300, supported by the trading alongside minor bullish trend line on short-term basis, beside its stability above EMA50, which reinforced the strength of the bullish momentum.
More