Traders shift strategies amid tariff turmoil
Traders are shifting to quick, short-term profit-taking strategies due to US President Donald Trump's trade tariffs, creating increased volatility in financial markets. This volatility leads to rapid sentiment changes, complicating trading conditions. Traders are now more inclined to take profits immediately rather than hold positions for potential longer-term gains. Although initial market volatility has decreased, uncertainty remains as traders navigate the evolving macroeconomic landscape. Crypto investors are closely monitoring US-China trade negotiations, anticipating that a lasting trade deal could boost altcoin and Bitcoin prices. On May 25, Trump delayed tariffs on EU goods, positively impacting Bitcoin's price. Despite optimistic political statements regarding trade talks, some analysts view progress as largely superficial and politically motivated.
