Analysis: BTC US$74000 is the key support level, and we need to focus on Federal Reserve Chairman Walsh's policy statement

According to TheBlock, Bitcoin fell below $77,000 on Sunday night EST, hitting a low of $76,593. Analysts pointed out that the main incentive was that U.S. President Trump issued a message on TruthSocial threatening Iran, saying that military action would be taken against it if the peace agreement continued to be delayed, triggering an increase in geopolitical risks. At the same time, Brent crude oil rose 1.78% to US$111.2/barrel, and WTI crude oil rose 2.2% to US$107.7/barrel. The market was worried that oil prices would push up inflation and prompt the Federal Reserve to resume interest rate hikes. In addition, the Bitcoin ETF recorded a net outflow of US$1 billion last week, ending six weeks of consecutive net inflows, and the panic and greed index fell back to the "fear" range of 27. Analysts said that in the short term, Bitcoin will be highly linked to the macro market, with US$74,000 as the key support level. We need to focus on the policy stance of the new Federal Reserve Chairman Walsh and the progress of the Cryptocurrency Clarity Act.