## Bitcoin Market Analysis
Bitcoin (BTC) is undergoing a critical phase of consolidation, currently trading in a tight range between $75,000 and $80,000. While a robust 90-day recovery from its February lows hints at long-term structural strength reminiscent of a bull market rally, short-term momentum faces headwinds.
A recent U.S. credit rating downgrade and major institutional ETF outflows exceeding $600 million have introduced notable macro selling pressure. However, systemic support remains heavily anchored by positive fundamentals, including newly introduced bipartisan U.S. legislation aiming to establish a Strategic Bitcoin Reserve. For bulls to reclaim complete market control, a decisive breakout above $88,000 is required.