According to Material Indicators (@MI_Algos), Bitcoin enters the week at a critical technical level, with market participants closely watching the upcoming FOMC meeting and Jerome Powell’s press conference for cues on U.S. monetary policy. These events are expected to trigger heightened volatility, making the current sideways price action a key area for traders to monitor. Investors should pay attention to immediate support near $60,000 and resistance near $65,000 as significant moves could be catalyzed by central bank commentary and macroeconomic data releases (source: Material Indicators, x.com, May 5, 2025).