Analyst: The market is waiting for the implementation of Trump's tariffs, and a rebound in Q2 is entirely possible

ChainCatcher news, according to The Block, Presto research analyst Min Jung stated: "Currently, the market is in a wait-and-see mode as tariff details have not been disclosed. Investor sentiment is mixed; some investors believe the impact may not be as severe as initially feared and view the recent decline as a potential 'buying the dip' opportunity. However, many traders still choose to remain on the sidelines until the situation becomes clearer. The next move of the market will largely depend on the tone and content of the actual announcements."

Brickken market analyst Enmanuel Cardozo stated: "Everyone expects Trump's support for cryptocurrency to have an immediate effect, but the reality is that policy implementation takes time. Global economic uncertainty has fueled a risk-averse atmosphere everywhere, and by the end of 2024, the market has already priced in the expectation of a Trump victory. However, a recovery in the second quarter 'is certainly possible,' and the Federal Reserve is widely expected to cut interest rates within the second quarter, while Trump's team will also present more concrete results in supporting cryptocurrency policies. With the increase of institutional fund flows, momentum may strengthen, and if Bitcoin breaks through the resistance level of $88,668, it may test $100,000 again, but if macro factors stagnate, the likelihood of a decline is also low."