Bitcoin (BTCUSD) rose in its last intraday trading, depending on the stability of the key support of $93,000, which represents a target in our previous analysis, providing bullish momentum that helped it record these gains, to recover some previous losses, and attempts to offload the oversold conditions of the relative strength indicators, with the emergence of positive overlapping signals that support the likelihoods of the intraday improvement continuation.
However, the negative pressure remains valid due to the continuation of the trading below EMA50, reinforcing the stability of the main bearish trend on the short-term basis, especially with the trading alongside minor bearish trendline that supports this trend.