The price of Bitcoin (BTCUSD) rose high in its recent intraday trading, supported by its stability above EMA50, indicating the continuation of the positive momentum on the short-term basis, and eases the way for a new attempt to test the critical resistance level at $108,000.

This rise comes amid the dominance of bullish correctional wave, after the price success to exit a bearish correctional channel that limited its move, reinforcing the chances for the continuation of the recover, besides forming a positive divergence on the (RSI), after reaching oversold levels, which supports the current bullish overview, conditioned by a confirmed breach above the mentioned resistance.

The (crude oil) declined in its last intraday trading, continuing its move within sideways range trading for the last four days, indicating traders’ cautious sentiment and uncertainty in the markets, especially with the price confinement within a confused area that is considered as a base for an upcoming rally for upside or downside depending on the upcoming break point.

This came with the continuation of the bearish correctional trend on the short-term basis, besides the negative pressure that comes from the continuation of the trading below EMA50, indicating the weakness of the bullish momentum, and the (RSI) indicators reinforce this negative overview, with the continuation of the negative signals’ emergence from them.

The (Gold) price extended its gains in its last intraday trading, reaching the top of the bearish correctional channel that limits its previous move on the short-term basis, attempting to breach this negative range and ease the way for a potential reverse in the trend.

Despite this rise, the negative pressures remain valid with the continuation of trading below its EMA50, besides the (RSI) reaching the overbought levels, which might expose the price to a profit-taking wave or a corrective pullback on the short-term basis.

The (EURUSD) kept rising in its last intraday trading, supported by the dominance of the main bullish trend on the short-term basis, and its trading alongside minor and main bias lines, showing the strength of the dominant buying momentum on the pair.

This rise is reinforced by the continuation of its trading above EMA50, besides the emergence of the positive signals on the (RSI), despite entering overbought levels that might decrease the gains temporarily, within correctional trading that targets a new momentum.