Trump will deliver a nationwide address on Thursday morning at 10:00 AM Eastern Time (22:00 Beijing Time), confirmed by mainstream media. The topic of the speech has not been disclosed yet, but the market expects a review of governance achievements and an outline of future policy directions.

This prime-time speech is a typical emotion-driven event. Especially during macro-sensitive periods, it often amplifies volatility in the crypto space. The key point is that the impact will not directly target crypto assets but will be indirectly transmitted through changes in market risk appetite.

Four areas to重点盯住:

**Trade and Tariff Policies**——The strength of the wording directly relates to the US dollar's direction and market sentiment for risk assets. The crypto market usually follows the trend.

**Fiscal and Tax Policies**——Expansionary policies may stimulate a rebound in risk appetite, while the opposite could make funds more cautious.

**Financial Regulation Orientation**——If it mentions strengthening regulation or increasing law enforcement力度, it may trigger market adjustments in the短期.

**Geopolitical Security Factors**——Involving major international events, markets usually react with避险反应 first.

Next, there are two possible scenarios:

**Emotion Repair**——After risk appetite rebounds, altcoins may短期反弹, but beware of the trap of rapid rise followed by a fall after抢跑.

**Amplified Volatility**——In cases of increased fluctuations,短线资金提前逃离 will intensify losses, and altcoins'波幅通常会比$BTC和以太坊来得凶.

Some practical advice: regard this event as a risk window, and avoid using high leverage to bet on the direction before and after the speech. Focus on whether $BTC can守住关键支撑, and keep an eye on whether altcoins show同步放量. The real trading opportunities often appear after the market has完成定价, not at the moment the information is刚发布.