How is BTC "indirectly priced"?

Many people think the crypto market is independent, but today BTC is deeply embedded in the global liquidity system. Non-farm payrolls, CPI, US-Iran negotiations, and the Japanese elections may seem like macro news, but they actually influence BTC through dollar liquidity and risk appetite transmission.
If CPI is high, market expectations for rate cuts cool down, the dollar strengthens, and risk assets come under pressure, BTC may also experience technical corrections; if inflation falls back, it is bullish for risk assets, and BTC often reacts first.
Non-farm payroll data is equally important; strong employment indicates economic resilience but may also reinforce tightening expectations; weak employment boosts expectations for easing. In recent years, BTC has been highly sensitive to interest rate expectations.
Geopolitics influence risk sentiment. In extreme cases, gold becomes more favored, but BTC's "digital gold" attribute is being recognized by some funds, gradually diverting flows.
The Japanese elections affect the yen and carry trade. If carry trade funds flow back, all risk assets globally, including the crypto market, will be affected.
The key to proactive positioning is not guessing data but preparing scenarios: how bullish factors follow through, how to defend against bearish ones. Trading plans should be written before the data, not after emotions.
What the market fears most is not bad news, but uncertainty itself.
#比特币反弹