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On January 15, according to a report from Bloomberg, on January 14 local time, U.S. President-elect Donald Trump stated that he would establish a "Foreign Revenue Service" specifically responsible for collecting import tariffs. This move indicates that he will fulfill his promise of imposing comprehensive trade tariffs once he takes office.

According to reports, that day, Trump posted on his self-created social media platform "Truth Social" saying, "I will create the Foreign Revenue Service to collect our tariffs and all income from overseas. We will start charging those who profit from trade with us; they will finally have to pay their fair share. January 20, 2025, will be the birthday of the Foreign Revenue Service."

The report pointed out that Trump did not provide details, leaving it unclear whether he plans to establish a new government agency or strengthen certain functions of existing agencies. Any restructuring of agencies would need the approval of the U.S. Congress.

Subsequently, Richard Neal, the highest-ranking Democrat on the House Ways and Means Committee, remarked, "This looks like 'a concept that is still in the planning stages,' doesn't it?"

Tariffs are currently collected by the Customs and Border Protection Agency, and the money is deposited into the Treasury's general fund, with contributions from tariffs accounting for less than 2% of U.S. federal revenue.

Reports indicate that Trump proposed during his campaign to impose tariffs of at least 10% to 20% on all imported goods. In November 2024, he also claimed that if Canada and Mexico did not take more measures to help ensure U.S. border security and prevent illegal immigration and drug trafficking, he would impose tariffs on those countries.

Mainstream economists warn that Trump's threatened tariffs would likely raise U.S. prices and intensify public anxiety over inflation, while also changing or reducing trade flows. Trump's idea of increasing revenue through tariffs may fall flat.

Insiders previously revealed that Trump's economic team discussed gradually increasing tariffs month by month in a step-by-step manner to enhance negotiation leverage while trying to avoid a surge in inflation. The proposal is still in its early stages and has not yet been submitted to Trump himself.#BTC☀

China does not allow the buying and selling of Bitcoin, but why has the Hong Kong local government approved several cryptocurrency trading institutions? Additionally, some companies are making large-scale Bitcoin trades; the company shown in the image directly purchased 500 coins, worth 45 million USD, equivalent to over 300 million RMB. So the question arises, why is there such a significant policy gap? #BTC☀

This month's major positive signals in the cryptocurrency world are truly coming one after another.

Trump publicly expressed support for cryptocurrency policies and expects Congress to soon pass relevant legislation, providing a clear regulatory framework for crypto, which will attract more participants into the market.

Trump stated that many countries and companies are researching and developing their own digital currencies, and if we do not take action, we will lose this important financial domain.

From Russia, there are plans to ban cryptocurrency mining in certain regions starting in 2025, believing that this move will promote the industry towards environmentally friendly and efficient development. The first Metaverse Summit 2025 will be held on January 7-8, focusing on blockchain and AI, aimed at promoting cross-domain cooperation between cutting-edge technologies like blockchain and AI. The annual competition organized by Huobi HTX attracted more industry attention, and during the competition, the exchange released its first ecological white paper, injecting more confidence into the market.

Many institutions are bullish on Bitcoin's performance in 2025. According to the latest report, by 2025, crypto venture capital is expected to exceed $18 billion, which will provide funding support for innovation and development in the crypto industry.#BTC☀

One of Wall Street's biggest bulls and former chief equity strategist at JPMorgan, Tom Lee, stated that Bitcoin could significantly retreat from recent highs and may test support levels of $70,000 or even $50,000, while maintaining a long-term bullish stance with a target of $250,000.

In a recent television interview, Lee, now the chief investment officer at Fundstrat Capital, described Bitcoin's recent 15% drop from its historical high as a "normal adjustment" for a volatile asset. Bitcoin is currently trading close to $95,000, having dropped about 6.6% in the past month.

This prediction comes amid a general uncertainty in the market, as the U.S. stock market is undergoing a 23-day adjustment period with ongoing inflation concerns. Lee emphasized that Bitcoin's movement largely follows global liquidity conditions and noted that the market is still in the early stages of a halving cycle.

Cryptocurrency skeptic Peter Schiff expressed a more pessimistic view on social media platform X, likening the current Bitcoin enthusiasm to the previous peak around Ethereum.

Schiff wrote, "In 2021, there was a lot of hype around Ethereum, just as there is now around Bitcoin." He pointed out that Ethereum dropped 40% from its nearly $5,000 high in November 2021 to its current level below $3,000.

Despite concerns about short-term volatility, Lee believes that Bitcoin's current price of around $95,000 is an attractive entry point for long-term investors. "If you want to time the market, maybe you'll be lucky and it will hit $70,000. But for me, Bitcoin could rise to $250,000, so $90,000 is still a good entry point."

The movements in the cryptocurrency market come as the Federal Reserve signals a pause in expected rate cuts, exacerbating broader market uncertainty. Lee believes these macro factors, combined with temporary distortions in inflation data due to natural disasters, could influence the near-term price movements in financial markets. #BTC☀

Since Bitcoin broke the $90,000 mark on the 13th, it began a significant rebound yesterday, recovering the $97,000 mark, and the current price shows slight fluctuations. Institutions continue to be optimistic about Bitcoin's future trend:

Analysts at Standard Chartered Bank believe that if Bitcoin decisively breaks below $90,000, it could further drop to a low of $80,000, and this decline would present an 'excellent mid-term buying opportunity.' Standard Chartered maintains its long-term bullish outlook for Bitcoin and reiterates its target of reaching $200,000 by the end of 2025.

From a technical analysis perspective:

Currently, Bitcoin's price maintains a strong oscillating trend and is still at a position supported by moving averages. It is expected that Bitcoin will continue to oscillate before Trump's inauguration, with a low probability of a significant decline. On the contrary, if a sharp drop occurs, it would be a good opportunity to buy at a low price. After Trump takes office, the market expects relevant favorable Bitcoin policies to be introduced, which could lead to a new round of upward space, and the medium to long-term outlook for Bitcoin remains optimistic.

Just yesterday, the digital currency market experienced a sudden change, and a wave of selling quickly spread to the entire currency circle like a raging flood. Among them, Bitcoin, the "leader" in the field of digital currency, suffered a major setback. Its price once fell below the US$90,000 mark. This was the first time since November last year, and it was compared with the price of more than US$108,000 in December. Compared with the peak, the decrease is significant. Behind this plummeting phenomenon is the result of investors selling risky assets in an environment where bond yields have risen sharply. Not only Bitcoin, but also other crypto assets were not spared. They were all in the red, and the intraday decline expanded to 10%. The prices of mainstream cryptocurrencies such as Ethereum also plummeted, with Ethereum once falling to $2,925. /Coin At the same time, last Friday’s stronger-than-expected U.S. employment data also had a big impact on the digital currency market. The data prompted traders to sharply reduce their bets that the Federal Reserve may soon cut interest rates again, a shift in market expectations that further exacerbated turmoil in the digital currency market. Investor confidence was dampened, market panic spread, and the entire currency circle was shrouded in gloom. In such a market environment, the future trend of digital currency has become confusing, and investors have fallen into anxiety and wait-and-see, wondering when the storm will subside and where the digital currency market will go.

#BTC☀

According to the previous market situation, yesterday the white disk slightly stretched before showing a unilateral decline, with a drop of about 7000 points. In the evening, it stabilized after a spike to the 88900 level, followed by a rebound to the highest point of 95300. The pressure level to watch now is around 95800. If the subsequent 4-hour level breaks below 93700, then this rebound in the 4-hour level will basically be declared over. The upper pressure can be seen at 95800/96500/97200. The lower support level is focused on 92300-91400-90500. In the daily structure chart, three consecutive bearish candlesticks with a cross pattern appear, indicating that there will be a significant movement in the market. From the hourly chart, the Bollinger Bands show an opening state, with an inverted hammer appearing above, which also suggests a strong bearish trend in the short term. It is likely that there will be a pullback in the hourly level later. For rough trading, it is still recommended to short at high levels. The big disk can first look at around 93700 at 9500, and in terms of Ethereum, it can follow short around 3190/3200 with an initial target of around 3120.

Co-founder of AQR Capital Management, Cliff Asness, stated that after the U.S. presidential election in November, Bitcoin rapidly rose above $100,000, believing it is in a speculative bubble. Asness pointed out that there are three identified uses for Bitcoin, including speculation, use in war-torn countries, and paying ransom on the internet. He added that he would not short Bitcoin, simply because the investment risk of shorting with an annual volatility of 100% is high. #BTC☀

Are you empty? #BTC☀

The Bitcoin market is currently showing some stability, with BTC prices recovering to nearly $95,000, thanks to support from bargain hunters. Recently, Bitcoin prices have tested the long-term support area of ​​$90,000-93,000, which has successfully prevented at least six declines since the second half of November. However, the upcoming US non-farm payrolls report will put this latest rally to the test. The report is expected to show 164,000 new jobs added in December, compared to 227,000 in November. A stronger-than-expected jobs report could exacerbate concerns about a hawkish Fed, further pushing up inflation-adjusted bond yields, thereby further complicating the situation for risky assets. On the other hand, if the jobs data is weak, it could trigger market expectations of a Fed rate cut and shift market sentiment significantly in favor of risky assets. Therefore, the direction of Bitcoin prices will depend on the outcome of the jobs report, as well as the direction of the Fed's monetary policy. #BTC☀

Fidelity Digital Assets predicts that 2025 will be a turning point for Bitcoin adoption, with more countries, central banks, sovereign wealth funds, and government treasuries expected to purchase Bitcoin to establish strategic reserves. The report points out that as inflation rises, currency devaluation occurs, and fiscal deficits widen, allocating Bitcoin may better address macroeconomic headwinds than not allocating it. Fidelity analyst Matt Hogan states that Bitcoin, as a strategic asset, may attract more countries to adopt accumulation strategies, although some countries may secretly buy to avoid driving up market prices.

Analyst: The upward momentum of Bitcoin has weakened, and there may be a prolonged sell-off lasting several weeks.

On January 9th, Beijing time, the virtual currency market experienced a wave of sell-offs, leading to a sharp drop in Bitcoin prices. At the time of writing, Bitcoin had fallen below the $93,000 mark, currently reported at $92,938 per coin, with a daily drop of 2.7%. Due to the dramatic fluctuations in coin prices, CoinGlass market data shows that over 160,000 people have been liquidated in the virtual currency market in the past 24 hours, with a total liquidation amount of $482 million (approximately 3.53 billion RMB). Industry insiders believe that the latest economic data released by the U.S. suggests persistent inflation, raising doubts about the possibility of the Federal Reserve cutting interest rates later this year. On-chain data indicates that the current leverage in the virtual currency market is approaching the historical highs of 2021. This high-leverage environment greatly increases market vulnerability, and once the market experiences any turbulence, investors may quickly withdraw, leading to price crashes and a wave of liquidations. Wall Street's top technical strategist Katie Stockton recently stated that the upward momentum of Bitcoin has weakened, and there may be a prolonged sell-off lasting several weeks.

Submission of the 'Bitcoin Freedom Act', proposing to allow employees to receive wages in Bitcoin.
Oklahoma Senator Dusty Deevers submitted the 'Bitcoin Freedom Act' numbered SB325, which would allow employees in Oklahoma to choose to receive wages in Bitcoin and allow vendors to accept Bitcoin payments. The SB325 act ensures that participation is entirely voluntary, respects free market principles, and grants employees, employers, and businesses the right to choose the payment methods that best suit them. The SB325 act is eligible for review in the 60th legislative session starting on February 3rd.

The New Year is approaching, how can I take a seat at the table without a little extra money when I go home this year? #BTC☀

Yesterday, Bitcoin fluctuated around 94,500 within a range of 1,000 points. Currently, the 20-day moving average is near 95,800, and the 60-day moving average is around 96,800. These two positions are short-term resistance levels.

At present, the MACD on the 1-hour level has crossed bullish again, starting a rebound. It is expected that it will challenge around 96,500 at most before going down again. From the daily chart, the decline of the 20-day moving average has slowed down, and it is expected to flatten out this week.

Currently, be a bit more patient. This Wednesday, there will be U.S. CPI data. If the data is poor, it could trigger a final drop below 90,000.

Summary:
1. Currently still in cash, waiting for this week to complete the final drop to enter and buy low at 95,743,979,926.

Morning Analysis
It's a brand new week, and Bitcoin saw little fluctuation during the weekend period, with the overall market oscillating around the 95000-94000 range. Throughout the weekend, we adhered to a high on the short side and low on the long side approach within the range; as long as you grasp the timing of entry and exit, there are opportunities for both long and short positions. As the downward pullback momentum weakens, we can continue to maintain a low-risk strategy moving forward.
From the overall perspective, on the daily chart, the recent weak momentum concluded last Friday, with the price forming effective support around the 91000 line. Although the current price is operating at a low on the daily chart, the downward momentum is noticeably weak, indicating a possible bullish rebound in the short term. On the 4-hour chart, after a significant drop, a rebound correction has occurred, and the current price has stabilized at the middle track. Additionally, the MACD indicator shows a golden cross upwards and still has continuation potential, so we can rely on the middle track for support to observe the continuation of bullish movements.
Operation Suggestions
Bitcoin pullback around 94500-93800
Look towards 95500-96300
Ethereum pullback around 3280-3240
Look towards 3340-3380