So as expected by most, the Federal Reserves have raised interest again by 25 basis points. the FED's targeted range is 5%- 5.25% And since traders are already expecting this, it didn't have much of an impact on Bitcoin. And it's still playing 28k-29k$ up a level.

Although Jerome Fowel has not said that they will pause the rate hike, the expectation is that it is possible to pause because it is already in the targeted range.

And of course what the FED is still avoiding here is that if the interest rate increases too much, it will end up in a Recession which they also don't want to happen. Because the FED has only two enemies here, INFLATION, that's why it raises the interest rate, but as they continue to rise, the banks are put in trouble. And their latest here is the FRC (First Republic was rescued by the FDIC and JP Morgan.

So this event a few hours from now I think 4 hours from now it is possible that Bitcoin's value will pump 35k$ or more and suddenly dump up to 25k$ if its minor lower high is not broken.

What do you think will happen? this is a type of event that every 16 years actually has this problem due to inflation. Please also give your opinion on this matter.

Reference: https://www.washingtonpost.com/business/2023/05/03/fed-rate-hike-powell-banks/