Core Assessment of Intraday Market TrendsBitcoin / U.S. dollarBITSTAMP:BTCUSDMilo-BlakeCore Assessment of Intraday Market Trends Currently trading at $63,600, the market is in a pullback phase driven by the receding tide of ETF inflows and pressure from expectations of Federal Reserve rate hikes; the previous rebound—fueled by cooling CPI data and easing geopolitical tensions—has run its course. In the short term, there are only limited opportunities for a minor recovery following the oversold conditions, while the overall trend remains one of choppy downward movement. The Federal Reserve's policy meeting is the pivotal event in the near term; market sentiment today is characterized by a strong "wait-and-see" approach. While volatility may increase, a sustained, one-sided market move is unlikely. Core Trading Strategy: Initiate light long positions in the $63,200–$63,500 range to play for a short-term rebound; look to short the market in the $64,400–$64,800 resistance zone to capitalize on a secondary pullback. Maintain small position sizes throughout, execute quick entries and exits, and close all positions before the market closes to avoid overnight policy-related risks.