Is Consolidation the Same as Caution?

With Bitcoin trading at #BTCBelow80K after the recent rise, market sentiment is mixed. While the drop from recent highs has triggered profit-taking and short-term bearish signals, many analysts view this as a healthy consolidation phase rather than a trend reversal. On-chain data shows continued accumulation by long-term holders, indicating confidence in the broader bullish trend. Macroeconomic uncertainty and the Fed's decisions on interest rates contribute to volatility, but Bitcoin remains above key support areas. If BTC maintains its position, the push towards new highs remains possible. Traders are advised to closely monitor volume trends and global signals during this critical moment in the market.