Yesterday(9/5 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $19988, its lowest as $19620, its highest as $20055, its closing as $19782. After reaching a high immediately after the start of Monday, Bitcoin fell in an inverted N-shaped pattern, reaching a low at 11:15, and then rebounded-fall-rebounded, ending -1.0% down.
Looking at the 4hr chart, it fell to the bottom of the box and then rebounded, and it seems a bit unsettling that it has been supporting at the bottom of the box five times over the past week. On the daily chart, as the ninth day's sideways move continues, it seems to have bottomed out, but looking other side, it seems unlikely that it will decline even further.
In the macro market, Europe raised the dollar index to around 110 as inflation continued to rise due to natural gas surge and delivery network issues, which is putting a great burden on the stock market and crypto market. Given that the current US government does not want this atmosphere to continue until the US midterm elections in November, it is likely that there will be some form of opposition movement.
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