(12/10, Sat) btc corrected slightly due to the PPI announcement in the macro market

Yesterday(12/9 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $17223, its lowest as $17058, its highest as $17340, its closing as $17118. Bitcoin moved sideways after Friday's start, then rose, reached a high at 12:30, then fell again, reached a low at 21:00, and ended -0.6% down.

Looking at the 4hr chart, Bitcoin, which rebounded above $17k the previous day, got a weak correction, and given the low trading volume, it is difficult to attach much significance. On the daily chart, $17k was supported once more, and considering the bad news in the macro market, it can be seen as a good move.

In the macro market, November's PPI index was higher than expected, pushing down the stock market, while both the dollar index and bond yields rose. The market is expected to show great volatility according to the results of the FOMC meeting scheduled for next week, and until then, the crypto market is likely to continue to move sideways.