Yesterday(12/5 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $17121, its lowest as $16855, its highest as $17438, its closing as $16958. Bitcoin started moving higher on Monday, peaking at 04:45 and then falling, bottoming out below $17k at 18:30 before closing -1.0% down.
Looking at the 4hr chart, it seemed to complete the N-shaped upward pattern, but then it fell again and was invalidated, which seems to have followed the decline of the stock market. On the daily chart, it once rose to around $17.5k and closed again below $17k, but it seems to be moving sideways around $17k.
In the macro market, the ISM service index of November came out higher than in October, negatively affecting the change in the Fed's rate hike stance, which resulted in a decline in the stock market, a rise in the dollar index and bond yields. For the crypto market to rise regardless of the macro market, it seems difficult to rise easily because there is no good news.