Yesterday(2/11 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $43491, its lowest as $41934, its highest as $43930, its closing as $42378. After starting on Friday, Bitcoin climbed slowly with maintaining low volume, reaching a high below $44k at 14:45 and then a sharp decline from 18:30, bottoming below $42k at 23:00 and closing -2.6% down.
Looking at the 4hr chart, after reaching a short-term high the previous day, Bitcoin, which supported $43k, fell sharply in the afternoon, following the stock market's plunge by the Russia-Ukraine issue, And on the daily chart, Bitcoin, which failed to break through the 100MA the previous day, closed below the 50MA, I guess it's more likely that btc won't be able to break through this resistance over the next week.
In the financial market, as the news that Russia could invade Ukraine came out in the afternoon, the dollar index and oil rose sharply while the US 10y bond yield fell to 1.92%. In a word, as the preference for safe assets was highlighted, the gold price rose 1.3%, but Bitcoin, which has not yet been recognized as a safe asset, showed a decline along with the stock market. If a war breaks out, it will be easy to know in which direction Bitcoin will go, and the crypto investors are concerned that it will pour cold water on the recent uptrend mood of the crypto market.
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