Bitcoin (BTCUSD) rose slightly in recent intraday trading as positive divergence signals began to emerge on the relative strength indicators. After reaching deeply oversold levels relative to price action, momentum improved slightly, helping the cryptocurrency recover part of its recent losses.
Despite this limited recovery, bearish pressure remains dominant. Bitcoin continues to trade below EMA50, reinforcing the short-term downtrend. Especially with moving alongside supported trendline for this path, keeping any potential recovery conditioned by stronger bullish signals in the upcoming sessions.
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