Bitcoin is trading around $73,600–$74,000, facing renewed selling pressure following hotter-than-expected US inflation data and continued Bitcoin ETF outflows.
🔴 Bearish Factors
- US inflation increased expectations of tighter Federal Reserve policy. - Spot Bitcoin ETFs continue experiencing outflows. - Weak buying demand is limiting recovery attempts.
🟢 Key Technical Levels
- Support: $72,700 – $72,000 - Resistance: $74,500 – $75,200 - Bullish breakout: A sustained move above $75,200 could open the door toward $76,700.
📈 Market Outlook: Short-term sentiment remains bearish, but BTC could attempt a technical rebound if support holds. A breakdown below $72,000 could trigger further downside.
🎯 My Take: Watch the $72,700 support zone and ETF flows before entering a trade. Avoid chasing sudden price movements.