Reserve Policy, Macro Situation and BTC Future Trend ​ The previously highly anticipated Bitcoin reserve plan has encountered obstacles. The bill signed by Trump restricts the purchase of additional coins, and multiple states have vetoed reserve bills, leaving no hope for a nationwide buying of coins. At the same time, macroeconomic uncertainty has increased, with Morgan Stanley and Goldman Sachs lowering their 2025 US GDP growth expectations, and Trump's policies causing short-term inflation, unemployment, and other issues. ​ Currently, BTC prices are falling and the volatility of the cryptocurrency market is intensifying. This Monday's series of key economic reports will serve as a key guide for BTC's trend. The Kobeissi Letter lists key economic events that affect the market, such as JOLTS and EIA reports CPI、 Unemployment claims, PPI, and consumer confidence index, among other data, have an impact on the Federal Reserve's policy, which in turn affects BTC prices. ​ The research director of Standard Chartered Bank believes that BTC needs to increase sovereign holdings or geopolitical clarity to rise in the current risk aversion sentiment. There is still a risk of decline in the short term, and a major catalyst can help it recover its upward trend. The Fed's interest rate cuts have a significant impact on the market.