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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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The release time for Trump's tariffs has come out! Is the crypto world doomed?
According to news from the White House, Trump will announce the global tariff policy in the Rose Garden at 4 a.m. Beijing time on Thursday, which is 4 a.m. tonight.
In this bearish situation, it is expected for the crypto world to drop, but there hasn't been much of a decline. The short positions have been exhausted for 2 months, and many are taking profits, which will instead create buying pressure.
It is expected that after the tariffs are implemented, the crypto world will gradually begin to recover. Note that it is gradually recovering, rebounding over a few weeks; the coin prices won't go up in just a few days.
However, tonight won't be too calm, as the market is somewhat concerned about how much tariff Trump will specifically announce. If the amount announced by Trump is very high, then even if the negative news is fully priced in, there won't be much of a rebound. However, if Trump announces a normal or even low amount, then it will take off.
So 4 o'clock in the early morning tonight is very crucial, regarding the future trend of the crypto world, I hope Trump can speak well.
#DOGE #ContentStar #BTC #ETH #PI