Metals
Bitcoin continues to move within a clear downside structure on the 4-hour chart, with prices consistently forming lower highs and lower lows. The rejection from the recent swing area pushed prices down toward $90,000, confirming that bearish pressure remains dominant.
All the moving averages MA(5), MA(10), and MA(10) are positioned above the current price, and the short-term averages have crossed down, which reinforces the bearish trend.
MACD shows a negative bias with the MACD line well below the signal line, suggesting that bearish momentum is still increasing and that no bullish divergence is forming yet. For Bitcoin to shift into any form of recovery, it would need to reclaim the 10-period moving average and especially break above the $95,000 resistance area, as only then would the structure begin to show early reversal signs.
Bitcoin 4H Chart
| Resistance | $92,935 | $95,430 | $97,200 |
| Support | $89,700 | $87,600 | $85,000 |
Gold Technical Analysis
Gold has been gradually losing upward momentum since mid-October, and the recent price action confirms a short-term downtrend. The bounce toward $4,200 failed to sustain, and the market has continued to slide lower toward the $4,000 psychological level. Price is now trading below the three moving averages M(5), MA(10), and MA(30), all of which have turned downward, signaling that sellers are in control across all time filters. The MACD shows a strong bearish crossover, reflecting increasing bearish momentum.
For gold to recover, it would first need to hold above the $3,985–$3,970 support area and then break back above $4,050. Until these conditions develop, the short-term outlook for gold remains bearish.
Gold 4H Chart
| Resistance | $4,045 | $4,096 | $4,117 |
| Support | $3,984 | $3,966 | $3,927 |
S&P500 Technical Analysis
The S&P500 is showing a transition from a previously strong uptrend into a clearer bearish phase. Price has broken below the previous higher-low structure and is now producing a sequence of lower lows, confirming the shift in market direction. The index is trading below the moving averages MA(5), MA(10), MA(30), which have all turned downward. This alignment of the moving averages signals that bearish momentum is now dominant and that any short-term rallies may simply act as corrective moves before further downside continuation.
MACD supports this outlook, as the indicator shows a strong bearish crossover with the histogram expanding deeper into negative territory, indicating accelerating downward momentum. For the S&P500 to regain bullish strength, it would first need to climb back above 6,735 and then break through the 6,800 region, where the chart structure and the moving averages converge. Until these levels are reclaimed, the broader outlook for the index remains bearish.
S&P500 4H Chart
| Resistance | 6,658 | 6,719 | 6,781 |
| Support | 6,614 | 6,597 | 6,564 |
