## Bitcoin Faces Short-Term Correction Recent analysis suggests that Bitcoin's (BTC) rebound may be challenging in the near future. According to CryptoQuant's chief analyst Julio Moreno, BTC has experienced a significant correction of 26.62% from its recent peak. ## Macroeconomic Factors Weigh on Bitcoin While this correction is relatively mild compared to past bull cycles, the current macroeconomic environment and U.S. stock market conditions suggest a difficult path for a short-term rebound. Historically, sharp Bitcoin corrections have coincided with declines in the Nasdaq 100's long-term average annual return relative to the previous year. Currently, the Nasdaq 100's performance is stagnant compared to the previous year, adding to the headwinds facing Bitcoin. Investors should therefore exercise caution in the short term. ```

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