The greenback's taking a breather. Markets are holding their breath. Why? The Federal Reserve's about to make its move.

Right now, the dollar index is treading water. No dramatic swings. No panic selling. Just... waiting. Traders have positioned themselves ahead of the Fed's upcoming monetary policy announcement, and now it's a game of patience.

What's everyone watching? Interest rate guidance. Inflation rhetoric. Powell's tone when he steps up to that podium. Every word gets dissected. Every pause analyzed.

This consolidation phase? It's typical pre-Fed behavior. Big money doesn't like surprises, so they're sitting tight. Cash is parked. Positions are hedged. The real action comes after the decision drops.

For crypto folks, this matters more than you might think. A hawkish Fed usually means dollar strength—and that often pressures digital assets. A dovish pivot? Could be fuel for risk-on trades, Bitcoin included.

The calm before the storm. That's where we're at. Once that statement hits the wires, volatility will wake up fast. Until then, the dollar's just marking time, stuck in this narrow range while everyone waits for clarity from the central bank that moves global markets.