On May 25, the crypto market settled in a hold pattern after traders chose to remain on the sidelines for the FOMC midday meeting. Federal Reserve signaledThat it will continue to raise interest rates. According to Don’t forget to enter the dataAlternative.me – The Fear and Greed Index has seen its longest streak of extreme fear ever since the crash of the stock market in Mach 2020.

Source: Cointelegraph Markets Pro TradingViewIt shows that price action for (BTCThe trading range for ) has been shrinking, and technical analysis indicators have not provided much information about a potential breakout.