(5/5, Wed) btc fell -6.2% probably due to Yellen's comment of raising interest rate

Yesterday(5/4 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $56656, its lowest as $53064, its highest as $57206, its closing as $53205. Bitcoin fell shortly after the start of Tuesday, accompanied by a large sell volume, and then rebounded, but after being blocked by the 50MA resistance line on the 15-minute chart, it fell again in an inverted N-shaped pattern, reaching a low at 23:45 and closing down by -6.2%.

Looking at the 4-hour chart, I don't think it's a positive move as trading volume increases and breaks below the 100MA support line. Considering that it took 12 days to break through down the 100MA on 4/18 and then break through up it again, it is reasonable to think that it will take more than 10 days again. Even in the daily chart, it broke down 50MA, but it needs to be re-breaked as soon as possible before reaching 100MA.

In the financial market, the US Treasury Secretary Yellen said that the interest rate may have to be raised to prevent the economy from overheating, and the NASDAQ fell -1.9% which, I guess, is meaningful considering the first comment of the need to raise the interest rate after the COVID-19 outbreak.

FED Chairman Powell has continued to reassure the market, but the mention of an interest rate raising by the Finance Minister, who is in an equally important position, should be taken as a statement that could have a great impact on the financial and cryptocurrency markets. Of course in the negative aspect.