According to @CryptoInsights, Bitcoin (BTC) is exhibiting notable weakness on the 1-day (1D) timeframe, as confirmed by the recent price action where BTC broke below a key green trend line and failed to reclaim it after being rejected at the resistance marked by the white line (source: @CryptoInsights). Despite frequent news highlighting institutional BTC purchases, these events have not translated into immediate positive price movement (source: Cointelegraph, June 2024). This divergence suggests bearish momentum persists, and traders should monitor support levels closely for potential further downside in the short term.