The price of Bitcoin declined in its recent intraday trading, preparing to break the key support at $58,000, which was expected target in our previous analysis, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, after offloading the oversold conditions on the relative strength indicators, and reaching overbought levels compared to the price move, as a clear signal for fading the bullish momentum.

Crude Oil declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, with a negative pressure due to its trading below EMA50, which represents a dynamic resistance that reduces the negative signals from the relative strength indicators, despite reaching oversold levels.

Silver rose in its latest intraday trading, with the continuation of the negative pressure due to its trading below EMA50, which represents dynamic resistance that reinforces the dominance and stability of the main bearish trend on the short-term basis, attempting to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals from them, gaining some bullish momentum that helped it to stabilize.

Gold witnessed limited gains on its last trading levels, with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, and attempting to recover some previous losses, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of full recovery in the upcoming near period.