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Just noticed Bitcoin's bounce didn't really hold. After that initial pump, it's fading again as tech and software stocks continue getting hammered. There's this weird correlation happening where whenever PE-backed companies and software plays get hit, crypto tends to follow lower too.
I've been watching the charts and it's pretty clear the momentum shifted. Bitcoin had that brief moment but it couldn't sustain it, and now we're seeing the whole market drag down again. The stock market weakness is definitely spilling over into crypto—when growth stocks fade, money seems to rotate out of risk assets across the board.
The broader takeaway is that crypto's still pretty correlated with traditional markets right now. Until we see some real stabilization in tech stocks, I'm not expecting a strong push higher. Just keeping an eye on support levels for now.