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#WO Trump's tariff announcement is set! Will the encryption market survive?
The White House has confirmed that Trump will announce his global tariff policy in the Rose Garden at 4 AM Beijing time on Thursday, which means there are only a few hours left until this important moment.
Despite the bearish sentiment in recent months, the encryption market did not experience a significant downturn before this event. Over the past two months, the bears seem to have exhausted their selling pressure, and many are now starting to take profits. This shift may introduce buying pressure instead of further declines.
Once the tariffs take effect, the encryption market is expected to stabilize and gradually recover. However, this may happen in weeks rather than days, so an immediate surge should not be expected.
In other words, tonight's announcement remains a key turning point.
If Trump announces significantly high tariffs, any expectations of a rebound may be suppressed. Conversely, if the figures are lower than expected, the market may react positively and rebound.
All eyes will be on this at 4 PM tonight — it may set the tone for the next major move in the encryption market. Hopefully, Trump can stay rational.