Now the market fluctuations all depend on what Trump says. I've mentioned several times recently: the technical and data aspects have become mere decorations; what really matters is monetary policy and Trump's words.
No matter how good your technical analysis is or how accurate your data calculations are, even if you understand the Federal Reserve's tricks inside out, you still can't predict what this old guy will do next.
This time he threw out two bombs:
First, he targeted Apple, threatening that iPhones sold in the U.S. must be produced domestically, or else a 25% tariff will be imposed;
Then he said he would impose a 50% tariff on the EU starting June 1, meaning that luxury goods and pharmaceuticals from Europe will face heavy taxes.
But I reckon this guy is probably just talking big and may not dare to take real action.
Right now, the macro market is still in a tug-of-war between bulls and bears. The stablecoin bill and BTC strategic reserves are both positives for the crypto market, but Trump's tariff threats have doused cold water on the risk market. Once the market slowly digests this wave of impact, the benefits for cryptocurrencies might still ferment, until Trump officially signs off on the stablecoin bill and California's BTC strategic reserves are implemented, then it will be considered over.
