Bitcoin (BTC) Market Update – Today’s Analysis 📊🔥

On the weekly timeframe, Bitcoin has break down the strong ascending trendline, which changes the overall market structure.
Because of this breakdown, the bullish trend is no longer valid on the weekly chart.

After the trendline break, price moved down and is now trying to stabilize inside a smaller channel, but this movement looks more like a corrective bounce, not a trend continuation.