I wanted to create this chart for the past couple of days, but I just didn't have the time. Today, I finally managed to finish it after returning home. This chart looks at Trump's tariff events through the timeline and the price trend of $BTC. It's clear to see that since January 20, Bitcoin's price has remained high, but it started to decline when Trump announced the tariffs and began to implement them (along with the U.S. stock market).

The lowest point was on April 9 when it was first announced in the morning that a 145% retaliatory tariff would be imposed on China, and then in the afternoon, it was announced that other countries would have their equivalent tariffs suspended for 90 days. Following this news, the overall risk market rose.

On April 11, Trump announced a temporary exemption from tariffs for certain electronic products, causing the risk market to rise again. However, due to Trump's expressed dissatisfaction with Powell, a decline occurred on April 20, leading to panic among investors and a significant drop in the U.S. stock market.

On April 23, Trump stated that he had no intention of firing Powell, which restored confidence in the market. Both the U.S. stock market and Bitcoin saw a significant increase.

This timeline clearly shows that since January, the entire market trend has been guided by Trump's policies, which are event-driven. This is also why it is crucial to pay closer attention to Trump's movements. Although we cannot say that everything has settled down yet, the market's focus has begun to shift away from tariffs.

Especially this week, the most important data is the U.S. GDP for the first quarter, so the upcoming short-term fluctuations may be significantly influenced by the GDP data. Then, there's the PCE data, which will be released one and a half hours after the GDP data on the same day. Although this data doesn't involve tariffs too much, it has already adjusted China's tariffs from 10% to 20% in March, so the PCE may reflect some changes, especially in the monthly PCE variations.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX