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Bitcoin (BTCUSD) prepares to break its current support - Analysis-29-04-2026
Bitcoin (BTCUSD) declined during its recent intraday trading, approaching a potential break of the current support level at $75,500. To indicate increasing selling pressure and continued short-term weakness, especially after the price was previously affected by breaking a major bullish trend line.
This negative scenario is reinforced by the price continuing to trade below its EMA50, which acts as dynamic resistance pressuring its movements. In addition, the relative strength indicators managed to ease part of the oversold conditions, giving the price more room to extend its losses in the near term.
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Crude oil attempts to breach a key resistance - Analysis- 29-04-2026
Crude oil prices rose slightly with cautious movement in recent intraday trading, as the price continues its attempts to break the key resistance level at $98.00, signaling an effort to extend the current bullish wave.
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Silver shown choppy intraday trading recently, as the price attempts to recover part of its previous losses, trying to relieve its clear oversold condition on the relative strength indicators, especially with emerging positive signals.
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Gold declined in its recent intraday trading, settling below the $4,600 support level, providing clear technical confirmation of a breakdown and its shift into resistance. This reflects the strength of the short-term bearish trend and the continued dominance of selling pressure.
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