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The Bitcoin market exhibits considerable weakness, with daily candles closing below the $112,000 level, confirming a rejection from this horizontal consolidation low. The daily RSI is approaching 34.34, a critical historical trigger for flash corrections. The weekly chart shows a negative momentum shift with the 62.09 RSI breaking down, indicating further downside potential towards the 50 EMA and Gaussian Channel upper band, projected around $98,000-$100,000. For short-term recovery, Bitcoin needs to reclaim the downtrending diagonal trend line and break above prior lower highs around $118,000. Until then, any upward movement is considered a bounce within the prevailing downtrend, with the risk of further declines remaining significant. The broader cryptocurrency market cap (TOTAL) also displays weakness, with the $3.95 trillion level acting as major resistance. Negative momentum on Market Cipher B and a breaking RSI uptrend suggest sellers are gaining control. Should the total market cap lose the weekly range high at $3.65 trillion, corrections are anticipated towards $3.5 trillion and potentially $3.05-$3.00 trillion (sell-side liquidity). Similarly, the Altcoin market cap, while holding relatively better than Bitcoin due to declining BTC dominance, is vulnerable. A close below the $1 trillion level would trigger further corrections. In traditional markets, the DXY is currently holding above its weekly uptrend, but a sustained position below 100 could lead to a move towards 92-93, likely influenced by economic news like inflation and interest rate adjustments. The S&P500 is retesting its daily range high at 6500 with downward momentum. A failure to breach 6500 would likely result in corrections towards 6250, and potentially as low as 5800 if 6250 is lost. The overall macroeconomic environment indicates short-term risks of pullbacks across various asset classes, aligning with the observed technical weakness in Bitcoin and the wider crypto market.