Bitcoin (BTCUSD) remains near its recent lows after a series of consecutive losses in intraday trading, with the continuation of negative pressure while trading below its EMA50, reinforcing the dominant short-term bearish trend and keeping the overall technical outlook tilted to the downside.
However, relative strength indicators have started to show signs of improvement, generating positive signals after reaching oversold territory. This suggests that Bitcoin is attempting to reduce oversold conditions and regain some balance, which could help slow the pace of losses or trigger limited corrective movements in the near term.
Crude Oil rose in recent intraday trading after holding above the key $86.00 support level, which was an expected target in our previous analysis. This stability provided positive momentum, allowing prices to recover part of their recent losses and ease oversold conditions, particularly as relative strength indicators began to generate bullish signals.
However, the price continues to face negative pressure while trading below its EMA50, limiting the chances of a sustained recovery in the near term. The short-term corrective bearish trend also remains dominant, keeping downside risks in place.
Silver declined during recent intraday trading, approaching a break below $65.00 support level, which had previously been identified as a potential downside target within the current bearish trend. This performance reflects weak buying momentum and the market’s inability to build a recovery strong enough to reverse the negative trend.
Pressure on silver continues to increase as relative strength indicators generate bearish signals, while the price remains below its EMA50, which continues to act as dynamic resistance against any upward attempts. With the primary short-term downtrend still in control, the likelihood of further declines remains high, particularly if the price breaks and closes below current support.
Gold extended its losses during recent intraday trading, reaching $4,200 support that represented our expected final downside target within the current bearish trend. This decline reflects continued selling pressure and the dominance of sellers over price action.
The negative technical outlook remains intact as gold continues to trade below its EMA50, which is acting as dynamic resistance and reinforcing the short-term downtrend. Relative strength indicators also continue to generate negative signals, suggesting that selling pressure remains active and reducing the likelihood of a strong rebound in the near term.