(11/29, Tue) btc supported $16k on the daily chart

Yesterday(11/28 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $16422, its lowest as $15990, its highest as $16478, its closing as $16210. Bitcoin hit the peak right after the start of Monday, then plunged and fell to around $16k, then rebounded and fell again, bottomed out below $16k at 16:15, then rebounded and ended -1.3% down.

Looking at the 4hr chart, Bitcoin, which had been sideways for the past few days, showed another step decline, and the start of the week looks shaky. On the daily chart, it continued to show support for $16k, which seems important to keep this support line.

In the macro market, China's strengthening of the corona blockade was recognized as bad news, and Fed member's hawkish remarks added to the stock market's falling, while the dollar index and the US bond yields rose. In the crypto market, it seems to be moving along with the stock market with limited bad news, so it is necessary to keep an eye on the macro market today.