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Just noticed BTC bounced back about 7% from its recent lows, currently trading around 71.5K. Looks like some buyers stepped in, but honestly the broader crypto market still feels pretty sluggish in U.S. trading. Down 1.84% over the last 24 hours, so the bounce didn't really stick around.
Thinking this weakness might be tied to some of the macro headwinds. Manufacturing PMI data has been showing some pressure lately, and that kind of economic uncertainty usually weighs on risk assets like crypto. When traditional markets get nervous about economic data, people tend to pull back from digital assets.
So yeah, we got a decent relief rally but nothing that breaks the downward pressure yet. Keeping an eye on whether we can hold these levels or if we dip back down again.