This time the taxation will definitely not have as big an impact as before, because everyone has gained some experience regarding Trump's strategies and the market's reactions to taxes, so the subsequent expectations and operations will be much smoother, unlike before when everyone was like a startled bird.
However, that being said, no matter what, this is still considered a negative factor, so when the negative factor is realized, if the US stock market declines, the Bitcoin hedging strategy must follow suit, and not resist forcefully.