The price of Bitcoin (BTCUSD) continued its decline in its recent intraday trading, breaking the critical support at $106,200, which is considered as a strong sign, accompanied by breaking the support of EMA50, adding more pressure on the price.

This decline comes after the success in offloading some of the clear oversold conditions on the (RSI), opening the way for extra space to move lower without big technical obstacles.

The (Gold) price declined in its last intraday trading in a correctional natural move that targets gathering the previous gains, where the price bounced lower to test its dynamic support that is represented by the EMA50, which remains forming a significant technical pilar for the price move on the short-term basis.

This decline comes as an attempt to offload the clear overbought conditions on the (RSI), especially with the emergence of the negative signals, which might help the price to gather a new bullish momentum that supports the recovery, noting that the price exited the bearish correctional channel previously, which keeps the bullish overview valid conditioned by its stability above the mentioned support, and not breaking the nearest support that may weakens the waited bullish scenario.

The (EURUSD) rose in its last intraday trading, taking advantage of a calm correctional move that led it to gathering its previous gain, opening the way for gaining the required bullish momentum to continue the rise, this recovery was supported by the clear overbought conditions on the (RSI), opening the way for achieving more of the gains, without strong technical pressures that might obstacle its track.

This rise comes amid the continuation of the main bullish trend dominance on the short-term basis, accompanied by the price move alongside minor and main bias lines, which supports the positive overview on the near-term basis, unless breaking any near support levels.

The (BTCUSD) kept declining in its last intraday trading, surpassing the support of its EMA50, which puts it under negative pressure, to reach its last trading to lean for the last chance for gaining the positive momentum that might assist it to recover and rise again, which is represented by the critical support at $106,000, amid the dominance of the bullish correctional trend on the short-term basis, with the appearance of positive overlapping signal on the (RSI), after reaching oversold levels.