The entire crypto market awaits the result of today’s Federal Reserve presser, and traders are hopeful that positive news will trigger a price breakout to the upside.

Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course?

Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment.

The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins.

The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels.

Bitcoin and most major altcoins are selling-off on rallies, proof that investor sentiment remains negative in the short-term.