Yesterday(2/16 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $48020, its lowest as $47140, its highest as $50980 its closing as $49197. Bitcoin fell $900 for 30 minutes after the start of Tuesday, hit the low, and then started rebounding, breaking through $50,000 for the first time in history at 04:15. And it adjusted and rose again to reach new ATH of $50980. After that, a large selling volume burst, btc fell to $47800 at 18:00, and then rebounding to close 2.5% up.
Looking at the 1-hour chart, you can see that after reaching the ATH, it fell for 4 hours and rebounded above 100MA. Considering that it recovered immediately after the -8.3% drop from its peak on Monday, yesterday's decline was -6.2% from its ATH, and should be supported above the week's starting price of $48689 for further gains.
In the financial market, US bond yields rose sharply, resulting in a decline in Nasdaq, which has a large number of growth stocks, and most of the raw materials that had risen rapidly fell. Chairman Powell of FED has said that he will not change the current policies before economy becomes normal, but it is necessary to carefully look at whether this US bond could make the market to turn the trend.