Something worth understanding right now is the relationship between crypto and macro, because if you're only reading charts you're missing half the picture in this environment.
For most of crypto's history the market was largely self referential. Price moved on narratives, onchain activity, whale movements, exchange flows. That world still exists but it's been layered underneath a much bigger one since institutions and ETFs entered the space properly. Now BTC responds to tariff announcements, Fed commentary, geopolitical risk, equity correlations, things that five years ago had zero impact on crypto whatsoever. What this means practically is that your technical setup can be perfect and still fail because of an exogenous macro event that has nothing to do with the chart. A clean bull flag on BTC doesn't matter if Trump announces tariffs that send Nasdaq down 3% and risk assets get sold across the board. The pattern was valid, the context around it changed, and the context won. I'm not saying you need to become a macro expert. But you do need to know when macro is the dominant driver and when it isn't. Right now, it very clearly is. Price isn't moving on onchain metrics or whale accumulation, it's moving on tariff headlines, Iran tensions, ETF flow data, and Fed expectations. Until that changes, even the cleanest chart setup carries additional risk that isn't visible on the chart itself. Check the macro calendar before you trade. Know what events are coming. And if there's a high impact catalyst within the next 24 hours, consider whether your edge still applies or whether you're essentially flipping a coin with extra steps.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Something worth understanding right now is the relationship between crypto and macro, because if you're only reading charts you're missing half the picture in this environment.
For most of crypto's history the market was largely self referential. Price moved on narratives, onchain activity, whale movements, exchange flows. That world still exists but it's been layered underneath a much bigger one since institutions and ETFs entered the space properly. Now BTC responds to tariff announcements, Fed commentary, geopolitical risk, equity correlations, things that five years ago had zero impact on crypto whatsoever.
What this means practically is that your technical setup can be perfect and still fail because of an exogenous macro event that has nothing to do with the chart. A clean bull flag on BTC doesn't matter if Trump announces tariffs that send Nasdaq down 3% and risk assets get sold across the board. The pattern was valid, the context around it changed, and the context won.
I'm not saying you need to become a macro expert. But you do need to know when macro is the dominant driver and when it isn't. Right now, it very clearly is. Price isn't moving on onchain metrics or whale accumulation, it's moving on tariff headlines, Iran tensions, ETF flow data, and Fed expectations. Until that changes, even the cleanest chart setup carries additional risk that isn't visible on the chart itself.
Check the macro calendar before you trade. Know what events are coming. And if there's a high impact catalyst within the next 24 hours, consider whether your edge still applies or whether you're essentially flipping a coin with extra steps.