Analysis: BTC $74,000 is a key support level, and you should pay close attention to remarks from Federal Reserve Chair Wash regarding policy.

Deep Tide TechFlow news: On May 18, according to The Block, Bitcoin fell below $77,000 during Sunday night in U.S. Eastern Time, hitting a low of $76,593. Analysts said the main trigger was U.S. President Donald Trump posting on Truth Social threatening Iran, saying that if the peace agreement continues to be delayed, the U.S. will take military action, intensifying geopolitical risks. Meanwhile, Brent crude rose 1.78% to $111.2 per barrel, and WTI crude rose 2.2% to $107.7 per barrel. The market is concerned that higher oil prices will push up inflation and prompt the U.S. Federal Reserve to restart rate hikes. In addition, Bitcoin ETFs recorded $1 billion in net outflows last week, ending a streak of six consecutive weeks of net inflows, and the Fear & Greed Index slipped back into the “fear” zone at 27. Analysts said that in the short term, Bitcoin will be highly correlated with macro markets, with $74,000 as a key support level, and attention should be paid to policy statements from the newly appointed U.S. Federal Reserve chair, Wosch, as well as the progress of the “Cryptocurrency Clarity Act.”