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Bitcoin Price Ignores Positive Signals and keeps Declining – Analysis – 03-06-2026
Bitcoin (BTCUSD) continued to decline during recent intraday trading, breaking below the $68,000 support level, which represented our previous downside target. This move highlights persistent selling pressure and continued market weakness.
The short-term trend remains firmly bearish, with the price trading below EMA50, reinforcing the negative outlook. Although the relative strength indicators have started to show positive signals after reaching deeply oversold levels, these signals have so far failed to trigger a meaningful rebound, reflecting the strength of the current bearish momentum.
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Crude Oil Breaks Short-Term Bearish Trend Line – Analysis – 03-06-2026
Crude Oil rose strongly in recent intraday trading, supported by positive Relative Strength Indicators and continued trading above EMA50, which provided additional bullish momentum.
MoreSilver Lacks Bullish Momentum as Bearish Trend Dominates –Analysis – 03-06-2026
Silver continues to trade within a narrow range during recent intraday sessions, while the short-term bearish trend remains in control, reflecting ongoing selling pressure and cautious market sentiment.
MoreGold Faces Ongoing Bearish Pressure – Analysis – 03-06-2026
Gold fluctuated in its recent intraday sessions while remaining below the key resistance level of $4,500, reflecting weak buying momentum and the inability to confirm a breakout that could support a short-term recovery.
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