According to Mihir (@RhythmicAnalyst) on Twitter, Bitcoin (BTC) demonstrated notable short-term weakness as it failed to mirror the upward movement of the US stock market on Friday. Additionally, the new trading day began with continued weakness in BTC price action, signaling a potential divergence from traditional risk assets. These observations are critical for traders monitoring correlations and momentum shifts, as underperformance relative to equities may indicate caution or consolidation in the near term (source: Mihir, Twitter, May 3, 2025).
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Bitcoin Shows Short-Term Weakness: BTC Fails to Track US Stock Market Gains – Trading Analysis – Blockchain News
