On January 8th, the market sentiment in the crypto world is in the hands of European and American data.

Let's start with Europe—economic data will influence the European Central Bank's policy expectations, which in turn will shake up the US dollar index. This may seem like a roundabout way, but it directly impacts BTC. Recent 90-day data shows that the negative correlation coefficient between BTC and the US dollar index is close to -0.7, simply put, the stronger the dollar, the easier it is for the price of the coin to be suppressed, and vice versa.

Next, look at UK housing prices. When housing prices rise, it indicates an active real estate market, increased risk appetite among investors, and higher likelihood of funds flowing into high-risk assets like crypto; when housing prices fall? The opposite happens—risk aversion increases, and funds turn away.

The most critical factor is the US side. Economic data and inflation expectations determine how the Federal Reserve will act next. When policies change, market liquidity and risk appetite follow suit, and the key to BTC's short-term movement lies here. Today, you need to keep your eyes wide open to seize opportunities.