(BTCUSD) rose during its recent intraday trading after the stability of the key support at $64,000 level, providing some positive momentum that helped it achieve these gains, to recover part of its previous losses. At the same time, the price is attempting to ease some of its oversold conditions on the relative strength indicators, particularly as positive signals begin to emerge.

Meanwhile, a steep short-term bearish minor wave remains dominant, with continued negative pressure resulting from trading below EMA50, which reduces the chances of a full recovery in the near term.