Yesterday(12/8 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $16817, its lowest as $16731, its highest as $17311, its closing as $17223. Bitcoin moved sideways after the start of Thursday, fell slightly, reached a low at 11:45, and then rose sharply, reaching a peak above $17k at 19:30 and ending 2.4% up.
Looking at the 4hr chart, Bitcoin, which showed an inverted N-shaped decline pattern the previous day, reversed its rise again, which seems to have followed the rise of the stock market. On the daily chart, Bitcoin, which fell below $17k the previous day, closed above $17k again in one day, continuing the existing sideways movement.
Yesterday's stock market rebound can be understood as a rebound following the recent decline without any good news, and the crypto market's rebound can also be seen as a result of partially reflecting the effect of option expiration this morning. Just as the futures and options market often shakes the spot market in the macro market, sometimes the stock market seems to move to shake the crypto market.
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