Bitcoin bounced above $75,000 on Monday, but the move did not erase worries that it may be a dead-cat bounce. The crypto Fear and Greed Index showed traders remain cautious. BTC had slipped for five straight weeks before this relief rally, so the market is watching for confirmation rather than treating the gain as a new trend.

A relief rally with heavy volume

The rebound came as broader stocks recovered and demand picked up. According to CoinMarketCap, BTC trading volume jumped more than 262% in 24 hours to $31.2 billion. Price rose over 2% from a 24-hour low near $73,748 to a local peak around $75,431. At press time, BTC had pulled back to about $74,742. That retreat is why some traders are not convinced. A single green day after a long slide can be a bounce, not a bottom.

Support levels and the $140K call

Bitcoin retested a support area near $73,000 after closing five consecutive weeks in red. Pseudonymous trader Brick, @brickcryptox, said BTC may have reached its correction bottom and could prepare for a run toward $140,000. That is an optimistic target. The daily chart also shows Bitcoin testing the middle Bollinger Band, while the weekly chart has it near the 20-week moving average. Both are support zones that could precede a rebound. If the weekly RSI keeps recovering, the macro mood could improve. Still, support tests can fail, and one trader’s target is not a guarantee.

ETF flows remain a key pressure point

Spot U.S. Bitcoin ETFs are still a major influence. SoSoValue data shows the funds recorded a net outflow of $1.177 billion over the last three weeks. Total assets stood at roughly $95.90 billion. BlackRock’s iShares Bitcoin Trust had $60.29 billion in net assets at publication, down more than $400 million last Friday. Renewed demand through ETFs could support an uptrend. Continued outflows, however, may keep pressure on price. Global economic conditions and stock market moves also matter because BTC has traded in step with risk assets.

For now, the rebound looks like a test. Bitcoin held a key support zone and volume rose, but the market still needs follow-through. Traders will likely watch ETF flows, the weekly RSI and whether BTC can stay above $73,000. If those signals improve, the bounce may have more behind it. If not, Monday’s rally could fit the dead-cat pattern.