Bitcoin (BTCUSD) rose in its latest intraday trading, driven by positive signals from the relative strength indicators after it reached oversold levels. This rebound confirms that the pivotal support level at $80,000 is holding firm, adding to the positive momentum around the price. Nevertheless, Bitcoin continues to face negative pressure from trading below the 50-period EMA, which reinforces the dominance of the short-term corrective bearish trend and could threaten these gains in the near term.
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Crude oil continued to decline in its latest intraday trading, as the price attempts to find a higher low that could serve as a base for building the positive momentum needed to resume its recovery, leaning at EMA50’s support, amid the dominance of the main short-term bullish trend, with the price moving alongside a trend line that supports this path and strengthens the chances of a near-term recovery.
MoreGold surged in its latest intraday trading after the key psychological support level at $4,000 held firm, providing positive momentum that helped drive these gains. The price also benefited from positive signals emerging from the relative strength indicators, after offloading its overbought conditions, which enabled it to move higher.
MoreThe EURUSD pair declined in its latest intraday trading, reaching the 1.1130 support level, which had been a price target in our previous analysis. This comes amid continued negative pressure from trading below EMA50, reinforcing the dominance and stability of the main short-term bearish trend, with the pair moving alongside a trend line that supports this bearish path.
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