(8/11, Thu) btc rose 3.5% due to the macro issue of inflation peak-out

Yesterday(8/10 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $23134, its lowest as $22607, its highest as $24228, its closing as $23952. Bitcoin continued the previous day's decline after the start of Wednesday, reaching a low in 30 minutes and then rebounding then starting to rise sharply from 12:30, breaking through $24k in 30 minutes, then rising after correction and reached a high at 21:30 to close 3.5% up.

Looking at the 4hr chart, Bitcoin, which entered the box range the day before, rose again and broke through $24k, which can be seen as an event-driven rise. On the daily chart, a bullish candle dominates the previous day's decline, and the N-shaped uptrend pattern is back in effect.

In the macro market, when the July inflation index came out to be lower than expected, the stock market rose sharply as the issue of 'inflation peak-out' was highlighted and the dollar index fell while oil prices and 10y bond yield rose. As a result, the 50bp rate hike in September became more dominant, and there is no negative news until 8/17, when the FOMC minutes are released. In this situation, it can be said that the achievement of Bitcoin $26k and Ethereum 2k is more likely.