You are delusional if you believe that bitcoin is long term correlated with various stock asset classes, and hopefully you either don't end up losing your ass too much or even underperforming a more straight-forward investment strategy that largely just focuses on ongoingly accumulating bitcoin without fucking around with selling it. and yeah maybe that is too boring for you, even though on the longer term many if not most or an overwhelming majority of long term investors have outperformed most of the traders by merely buying and holding rather than trying to accumulate more BTC by engaging in selling tactics.
Frequently traders cannot help themselves and they end up selling too many too soon, but they would not necessarily admit it.. even though perhaps you might be one of the lucky ones who does not end up performing worse than someone who just buys and holds.
The thing is since all this is economic related news like NFP and FOMC news affect the trades, traders like now easily mistake it as the market been manipulated with it or that the bitcoin is tied to the US stock which is completely wrong. This movement to me are just actually taking out the weak hands or simply close stop losses on future trades this doesn’t in any way at translate to a long term holder because now matter how the stock behaves bitcoin follows the historical cycle.
Nobody is saying that this economic crisis wouldn’t affect bitcoin because they actually have their impact on the demand and supply which translates to the price. But bitcoin is not to any stock. If in doubt check the stock movement from five years and compare to bitcoin movement.