Before Trump took office in January, the price of Bitcoin climbed to a record high of $109,114, and then fell back to around $96,000. From the current situation, its trend is full of uncertainty. On the one hand, traders are looking forward to economic signals such as Trump's tariff policy, the Federal Reserve's interest rate hike plan, and the White House's attitude towards cryptocurrencies. However, these signals are negative so far, making Bitcoin weak. In addition, Bitcoin has a "death cross", with weakened demand, sluggish blockchain activities, and a lack of capital inflows. The price may fall back to $86,000. On the other hand, if Trump signs favorable policies in the future and funds flow back in, Bitcoin may rise again. However, because its market is highly speculative and volatile, investment decisions must be made with caution.