Bitcoin Consolidates Near $82,000 Amid Short-Term Correction

The market has absorbed the effects of the Federal Reserve's rate hike, and uncertainty has dissipated. Bitcoin quickly rebounded after hitting a low at $74,900, with key support at $75,000 holding firm.

The bullish structure remains intact, but price action is currently range-bound, failing to break above the previous high near $82,000. This consolidation phase suggests that the market is short-term correcting rather than experiencing a deep decline.

Technical indicators show mixed signals, with KDJ and RSI turning downward, while MACD displays bearish momentum. However, the large trend remains bullish, with a strong bottom-finding and rebound cycle.