Bitcoin is fighting at $74,600 tonight. 🔥

After falling below $75,000, BTC touched a 2-month low near $73,708 and now everyone is watching one level - $74,400 support.

If BTC holds $74,400, we can see a bounce back to $75,500 and then $76,900.

If BTC breaks $74,400, next support is $70,500 and then $67,200.

Why is market down?

1. US ETF outflows - $1.28B outflows last week

2. Fear & Greed is at 29 - Fear zone

3. Everyone is waiting for Tuesday CPI data and Fed rate decision

But remember my friends, this is the 5th red week in a row. RSI is near 35 - oversold zone. History says when fear is high, smart money starts buying slowly.

I am not panicking. I am holding and watching $74,400 level closely.

What do you think? Will BTC hold $74,400 or break it?

Comment your target below 👇

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