From a macro perspective, 2026 is a critical turning point for global monetary policy. Federal Reserve officials' statements on inflation are ambiguous, and the upcoming US CPI data will influence global liquidity flows. If inflation data exceeds expectations, the resurgence of hawkish Fed sentiment will push up the US dollar index, draining risk premiums from the crypto market. Additionally, as Bitcoin's correlation with traditional financial markets strengthens, macroeconomic developments will increasingly impact the digital asset space.