$BTC Update: Local Weakness Detected 📉

​Bitcoin is currently showing signs of underlying weakness. The recovery we saw from yesterday’s low appears to be a three-wave corrective move rather than a trend reversal. Technically, this suggests that the bearish pressure isn't over yet, and we could see further downside exploration.

​Key Observations:

​Market Sentiment: Short-term Bearish 🐻

​Price Action: Corrective 3-wave bounce (Potential Bull Trap)

​Macro Impact: #USRetailSalesMissForecast

​Stay cautious and ensure your risk management is on point. Always use a stop-loss! 🛡️

​#Bitcoin #BTC #TechnicalAnalysis #BinanceSquare #CryptoMarketUpdate #TradingSignals