Bitcoin is trading around $76,132 today, down -5.56% in 24h after falling from $80,614 high. The drop came after over $1.15B outflows from US spot Bitcoin ETFs.

What Happened?

BTC lost the $80K level and dropped to a low of $75,208. Sellers are in control below the 20-day MA at $80,303 and 50-day MA at $82,057. But BTC is still above the 200-day MA at $73,229, so long-term structure is not broken yet.

Key Levels To Watch:

Support: $75,736 - $75,200 - If this breaks, next is $72,566

Resistance: $78,515 - $80,317 - Need to reclaim this to turn bullish again

RSI: 39.3 - Getting close to oversold, bounce possible

My View:

This is not panic time, this is patience time. $75K is the most important level right now. If BTC holds $75K, we can see a bounce back to $78.5K. If it breaks, $72.5K is next.

Don't chase, don't panic sell. Manage risk, wait for confirmation.

What do you think? Will $75K hold?

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