BioNTech SE (BNTX) moved lower in recent intraday trading after encountering resistance at its 50-day Simple Moving Average (SMA), which triggered renewed selling pressure and forced the stock into a pullback. The decline comes as momentum indicators have reached extremely overbought levels, to a degree that appears excessive relative to the stock's price action. Meanwhile, the primary short-term bearish trend remains firmly in control.

Accordingly, our outlook remains tilted to the downside for the stock's upcoming trading sessions as long as resistance at $97.45 remains intact. Under this scenario, the stock is expected to target the $85.00 support level.

Today's price forecast: Neutral.

(ETHUSD) declined in its last intraday trading, with the beginning of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, which intensifies the negative and dynamic pressure that is represented by its trading below EMA50, with the dominance of the main bearish trend on the short-term basis.

Brent crude oil declined at its last intraday trading on the intraday levels, affected by the continuation of the negative pressure due to its trading below EMA50, which represents a dynamic resistance that reinforces the strength and stability of the main bearish trend on the short-term basis, especially with the trading alongside main and minor supportive trend line for this path, noticing the emergence of the negative signals from the relative strength indicators, which suggest recording more losses in the upcoming near period.

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.