⏳ Market in Waiting Mode: Investors Eye Trump’s Tax Announcement on 'Day 2 of Tax Week'

As markets brace for Trump’s upcoming tax policy announcement, investors are entering a wait-and-see phase, with mixed emotions shaping short-term sentiment.

🗣️ Min Jung, Research Analyst at Presto, shared:

The market is currently in a holding pattern, as there are still no clear details on the new tax measures. Investor sentiment is mixed—some believe the impact won’t be as severe as initially feared, seeing the recent dip as a ‘buy-the-dip’ opportunity. However, many traders are choosing to wait until there’s more clarity. The next market move will depend heavily on the tone and content of the official tax announcement.

🧠 Enmanuel Cardozo, Market Analyst at Brickken, added:

There was an expectation that Trump’s pro-crypto stance would instantly impact markets. But in reality, policy execution takes time. Global economic uncertainty continues to fuel a risk-off mood everywhere. The market already priced in Trump’s potential victory by the end of 2024. However, a Q2 economic recovery is very much in play. The Fed is expected to cut rates in Q2, and Trump’s team will likely start delivering concrete pro-crypto policies. With increased institutional inflows, momentum could strengthen—especially if Bitcoin breaks past the $88,668 resistance. If so, a retest of $100,000 could be in sight. Still, if macro factors stall, downside risk remains.

📌 BlockBeats Note:
Trump is expected to announce major tax measures on Wednesday at 3:00 PM (Beijing time: 3:00 AM Thursday). These could include a series of aggressive tax policies that may impact both traditional and digital markets.

🧐 All eyes are on the next move—stay sharp, stay informed.