HUGE: President Trump announces a 25% tariff on countries doing business with Iran, effective immediately. At first glance, it might not sound that big… but guess who Iran’s largest trading partner is? China. 🇨🇳 Responsible for ~30% of Iran’s total foreign trade. This move indirectly escalates the ongoing trade tensions with China. Markets hate tariff uncertainty, expect volatility.
🇺🇸 President Trump: “We’re screwed” if the Supreme Court rules against tariffs. “It would be a complete mess,” he says. A ruling is expected by Wednesday, January 14. Prepare yourself for a very volatile week!
$BTC is still trading around $90,500. This is not a level to open a long or short. It’s better to wait for a break above $91,500 for a potential long, or for another rejection to consider a short. Alternatively, a short could be considered if we lose $90,000.
BULLISH FOR CRYPTO! Jerome Powell says the DOJ is threatening the Federal Reserve with criminal charges over its refusal to comply with President Trump’s interest rate demands. This is bad for the dollar and U.S. stock markets, but very good for crypto, as a weaker dollar and selling pressure in equities can lead to increased inflows into crypto. Bitcoin saw a strong move above $92,000 in the last hour, and we’re currently retesting $91,500. This level is now acting as support, which could present a solid long opportunity.
$BTC CME just reopened at the exact price it closed on Friday, no CME gap from this weekend. Volatility usually picks up around this time. Key support for Bitcoin is $90,000. If we lose that level, $87,500 is the next target.
This upcoming week is huge, with CPI, PPI data, and a Supreme Court ruling on the calendar. I expect a significant move, the question is, which direction? I’m still mainly bearish and expect prices to move lower. I’m waiting for a drop in Bitcoin below $90,000, which would open a short opportunity targeting the yearly open. ($87,500)
Warren Buffett: “The natural course of government is to make the currency worth less over time.” The value of $1 decreases every day, and more dollars are being created constantly. Because of this, assets like Bitcoin tend to keep going up. The more money in circulation, the higher the price of Bitcoin will go.
WOW: In 2017, Bulgaria sold 213,500 BTC. At today’s price, that would be worth $19.3B, enough to cover ~50% of the country’s national debt. History’s most expensive paper hands.
Key Events This Week: Monday: - Markets React to Trump's Call for 10% Credit Card Rate Cap Tuesday: - December CPI Inflation data - October New Home Sales data Wednesday: - November PPI Inflation data - US Supreme Court Tariff Ruling Expected Thursday: January Philly Fed Manufacturing Index Expect a volatile week ahead.
Big news: X is launching built-in price tracking for crypto & stocks, right in the timeline. 700M users. That’s almost 200M more than total Bitcoin holders. Elon Musk wants X to be the “everything app”. Next? In-app crypto trading & payments. With crypto gaining regulatory clarity, this could happen this year. Imagine 700M users accessing crypto at once Bigger than any ETF approval. Very bullish for Bitcoin
🇨🇳 China injected ¥1.21 trillion in liquidity this week. Every country is printing more and more money. Bitcoin is programmed to continue higher. I’m literally 99.99% sure Bitcoin will be worth much more two years from now than it is today, so if you’re a long-term investor, this is a buying opportunity.