🚨 $BTC Bounces from $74k Support: Dead Cat Bounce or Reversal? 📉📈
Bitcoin is trading around $78,700 today, recovering from the sharp drop to the $74k range earlier this week. While the green candles are nice to see, the macro environment remains tense.
With US inflation data causing uncertainty about Fed rate cuts, the dollar is showing strength—historically a headwind for crypto.
⚠️ Key Levels to Watch:
Support: $74,000 - $75,000 (Must hold)
Resistance: $80,000 (Psychological barrier)
Are you buying this dip, or waiting for a lower entry? Let me know in the comments! 👇
