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Evening update for Bitcoin (BTCUSD) -07-07-2025

Economies.com
2025-07-07 17:31PM UTC
AI Summary
  • Bitcoin (BTCUSD) declined due to negative signals on the RSI after reaching overbought levels
  • Support level at $108,000 and EMA50 were key factors in the decline
  • Recovery chances for Bitcoin are limited based on current indicators

The (BTCUSD) declined in the last intraday levels, amid the emergence of the negative signals on the (RSI), after reaching overbought levels, exhausting its positive chances that might assist it to recover, to lean on the support level at $108,000, accompanied by its lean on the support of EMA50.

 

 

Evening update for crude oil -07-07-2025

Economies.com
2025-07-07 17:31PM UTC

The (crude oil) extended its gains in its last intraday trading, to settle above the resistance level at $66.00, supported by its continuous trading above its EMA50, with the emergence of the positive signals on the (RSI), after reaching oversold levels, reinforcing the positive scenario.

 

 

Evening update for Gold -07-07-2025

Economies.com
2025-07-07 17:31PM UTC

The (Gold) rose in its last intraday trading, after reaching our morning target at the support at $3,295, gaining positive momentum due to the stability of this support, especially with the beginning of the positive signals on the (RSI), after reaching oversold levels, to surpass the resistance of its EMA50, to surpass its negative pressure.

 

 

Evening update for EURUSD -07-07-2025

Economies.com
2025-07-07 17:30PM UTC

The (EURUSD) declined in its last intraday trading, amid the dominance of bearish correctional wave on a short-term basis, with negative pressure due to its trading below EMA50, with the continuation of the negative signals on the (RSI), despite reaching oversold levels, indicating the decrease of the surrounding negative momentum of the pair.