Yesterday(3/6 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $48768, its lowest as $47092, its highest as $49225 its closing as $48905. Bitcoin moved sideways for a long time after the start of Saturday, then broke down $48,000 at 12:00 and reached a low at 13:15, but it did not decline significantly due to the small sell volume, and then rebounded and closed the final 0.3% increase.
Yesterday's daily trading volume is the lowest one since 12/16, when Bitcoin surpassed $20,000, and it can be seen as a very small volume even considering the weekend. As such, Bitcoin dominance fell to 60.9, and some altcoins rose significantly. In particular, Ethereum rose 8% yesterday, with the prospect that the EIP-1559 improvement proposal could lower transaction fees which is an issue in Ethereum network.
In the financial market, it is said that the US Senate passed a $1.9 trillion stimulus package. This could be interpreted as a good news for the stock market and may raise the stock market next week, but the $1.9 trillion released to the market may accelerate inflation, so how the market interprets it will determine the direction of the stock market.
I guess that Bitcoin will continue to watch the inflation issue and move sideways above the 100MA of the 4-hour chart.