#TradeWarEases will always be the one steering the most ghostly news this season. Trading at this level means chasing news rather than relying heavily on technical analysis. This market is indeed not for the faint-hearted, especially with the presence of Mr. Trump, his team, and the trade tensions he has created between the U.S. and China, which surely have a purpose.
Once, when everything was calm, and the coin prices were looking great, I suddenly read the news that Mr. Trump announced he would raise tariffs on imports from China. Bitcoin shot up like a rocket, but his team had already quietly gathered stocks before he hit send on the Tweet, while altcoins went wild. It’s hard to tell whether it's about making America great again or making Trump’s wallet great again.
And it didn’t stop there; Mr. Trump often likes to “tease” with half-jokes, suggesting that the U.S. should have its own digital currency, then claiming that cryptocurrency must be strictly controlled because it could be used for terrorism. Every time he opens his mouth, the market feels like a roller coaster, leaving no time to catch a breath. Sometimes I think professional traders must have a special “Trump Alert” to know when to escape early. Well, it’s an interesting situation this season. Fortunately, I still managed to earn a little, otherwise, I would probably curse him until the end of his term.