Bitcoin (BTCUSD) experienced cautious gains in recent intraday trading, and it managed to offload its oversold conditions on the relative strength indicators, showing negative crossover to pave the way for new pullbacks, especially with the dominance of the bearish corrective trend on short-term basis, with its trading within price channels range that limits this path, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, which reduces the chances of a recovery in the near upcoming period and intensifies the negative pressures around it.