Bitcoin price (BTCUSD) recorded a slight increase during recent intraday trading, attempting to recover part of its previous losses. This comes as the price tries to ease oversold conditions on the relative strength indicators, with early positive signals starting to emerge.

Despite this improvement, the price still faces negative and dynamic pressure as it continues to trade below EMA50. This reinforces the strength of the short-term corrective bearish wave, especially as price moves along a downward trendline supporting this direction.