(12/7, Wed) btc kept moving sideways for 6 days on the daily chart

Yesterday(12/6 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $16958, its lowest as $16913, its highest as $17096, its closing as $17075. Bitcoin rose after Tuesday's start, peaked at 01:00, then declined slightly, bottomed at 11:15, and then moved sideways again, ending 0.7% up.

Looking at the 4hr chart, it showed a sideways movement throughout the day, and it seems that the sentiment has weakened a lot. On the daily chart, it has been moving sideways around $17k for 6 days, and if the stock market rises, it seems that there will be a movement to rise together.

In the macro market, there was a prospect that the Fed would not cut interest rates until 2024, and economic recession was talked about as an issue rather than inflation, holding back the stock market, and the dollar index, bond yields fell. It seems that the market does not easily allow the Santa Rally of the stock market, and the rise of the crypto market does not seem easy.