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Bitcoin (BTCUSD) reaches our target - Analysis-08-04-2026
Bitcoin (BTCUSD) reinforced its gains during recent intraday trading, benefiting from being held above EMA50, which provided strong dynamic support and gave the price clear positive momentum. This momentum pushed the price toward testing the key resistance level at $71,500, which represented a target in previous analysis.
This upward move comes amid an improving technical outlook after the price previously broke out of a short-term descending corrective channel, along with continued positive signals from the relative strength indicators after reaching deeply oversold levels. This strengthens the chances of continued upward movement in the coming period.
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Crude oil price breaks a main bullish trendline - Analysis- 08-04-2026
Crude oil prices declined during recent intraday trading, affected by increasing selling pressure alongside negative signals from the Relative Strength Index after reaching overbought levels. This decline led the price to break below the 50-period simple moving average, causing it to lose its role as a dynamic support and intensifying the surrounding bearish pressure.
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