BTC is now steady around $74,000. I’ve noticed that traders have become noticeably more cautious these past couple of days. The main reason is that the Federal Reserve meeting is coming up, and everyone is waiting for the outcome of this meeting, so no one dares to be too aggressive in the short term.

Looking at the latest BTC price data, the 24-hour decline isn’t significant, only about 0.84%. However, this kind of consolidation pattern is quite common; markets tend to behave this way before major policy meetings. Traders are mostly observing and waiting for signals from the Fed before deciding how to act.

Therefore, the current advice is that if you are a short-term trader, this period might not be suitable for aggressive moves. The US dollar is relatively strong, and BTC’s current price level is holding up well, but we haven’t seen any upward breakout momentum yet. Let’s wait until after the meeting.