Bitcoin (BTCUSD) surrenders to the negative pressure -Analysis-07-08-2025
AI Summary
- Bitcoin (BTCUSD) failed to breach critical resistance at 115,600, leading to a decline in price
- Bearish correctional trend dominance continues in the short-term, with negative momentum pushing price down
- BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for various markets
The price of Bitcoin (BTCUSD) declined in its last intraday trading, after it failed to breach the critical resistance level at 115,600, which proofed its strength again to prevent the rising attempts, accompanied by the price reach to EMA50, which increased the negative momentum and pushed the price to decline.
This comes amid the continuation of the bearish correctional trend dominance on the short-term basis, where the price is moving alongside a bearish bias line that reinforces this trend, the absence of clear technical signals on the (RSI) keeps the selling pressure is the dominant on the price in the near-term basis.
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Crude oil prices attempt to recover some of its losses-Analysis-07-08-2025
The (crude oil) price recorded a rise in its last intraday trading, supported by its stability at the support level of $63.35, which represents the potential target in our previous reports. This technical rebound provided positive momentum and helped the price to reduce its last losses, in attempt to recover some of the recent declines.
Despite this rise, the overall scenario remains under the dominance of minor bearish wave on the short-term basis, besides the continuation of the negative pressure due to the trading below EMA50, and the (RSI) show negative signals after their reach to overbought levels, indicating the weakness of the current rise.
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Gold price settles above stubborn resistance -Analysis-07-08-2025
The (Gold) price rose in its last intraday trading, to settle above the stubborn and significant resistance at $3,375, as the price attempted to breach this level many times since yesterday. This positive performance comes amid the dominance of strong bullish wave on the short-term basis, supported by the trading above EMA50, which provides significant dynamic support for the bullish movement.
On the other hand, the (RSI) began showing new positive signs after offloading the overbought conditions, this technical improvement provides extra momentum, which might reinforce the chances for the continuation of the rise and targeting new resistance levels, conditioned by surpassing the current barrier with a stable close.
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EURUSD is in truce to catch breath-Analysis-07-08-2025
The (EURUSD) declined slightly in its last intraday trading, affected by the stability of the critical resistance at 1.1670, which pushed the price to gather its early gains, besides the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signs from there.
The price keeps its positive support by its stability above EMA50, besides the continuation of the minor bullish wave dominance on a short-term basis, providing new opportunity for resuming the rise if it succeeded in breaching the current resistance.
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