當特朗普的公告指導價格時

如果您遵循金融市場，您可能會遇到“風險駛入”和“風險”術語。現在，我們似乎正在進入“關稅/關稅”的新時代。

Financial markets are largely influenced by two key terms: "risk-on" and "risk-off." Recently, a new dynamic has emerged in response to President Trump's tariffs announcement, introducing the concept of "tariffs on/tariffs off."

金融市場在很大程度上受到兩個關鍵術語的影響：“風險駛入”和“風險”。最近，出現了一種新的動態，以回應特朗普總統的關稅公告，並介紹了“關稅/關稅”的概念。

During a risk-on period, assets that are sensitive to growth, such as stocks and cryptocurrencies, tend to rise in value. This is typically driven by expectations of economic expansion or accommodative monetary policy. On the other hand, risk-off situations are characterized by a lack of investor confidence, leading to sell-offs and a preference for safer assets.

在風險時期，對增長敏感的資產（例如股票和加密貨幣）的價值往往會上升。這通常是由對經濟擴張或適應性貨幣政策的期望驅動的。另一方面，冒險情況的特徵是缺乏投資者的信心，導致拋售和偏愛更安全的資產。

This week, President Trump's tariffs announcement have had a significant impact on markets. On Monday morning, bitcoin (BTC) price took a hit, plummeting to nearly $91,000 as Canada and Mexico retaliated against Trump's tariffs. This marked the "tariffs on" trading session.

本週，特朗普總統的關稅宣布對市場產生了重大影響。週一早上，比特幣（BTC）的價格受到打擊，隨著加拿大和墨西哥對特朗普的關稅進行報復，跌至近91,000美元。這標誌著交易會的“關稅”。

However, the tables turned later in the day when bitcoin rebounded above $100,000 after Trump paused the Mexico tariffs for 30 days and announced the creation of a sovereign wealth fund, sparking hopes of potential investments in BTC. This shift signaled the "tariffs off" trading session.

但是，當特朗普停止墨西哥關稅30天后，比特幣在當天晚些時候轉過身，當時比特幣反彈，並宣布創建了主權財富基金，這引發了人們對BTC潛在投資的希望。這種轉變標誌著“關稅”交易會。

The bullish momentum seemed to stall on Tuesday morning as China retaliated against Trump's import tax, resuming the "tariffs on" trading session. BTC price dropped over 3% to $98,000, dragging altcoins lower. Nasdaq futures also declined by more than 0.5%, while the dollar drew haven bids.

在中國對特朗普的進口稅進行報復，恢復了交易會的“關稅”，看漲的勢頭似乎在星期二早上停滯不前。 BTC的價格下跌了3％以上，至98,000美元，將Altcoins拖下來。納斯達剋期貨也下降了0.5％以上，而美元德魯避風港的出價。

If Trump manages to announce an 11th-hour deal with China, like he did with Mexico and Canada on Monday, bitcoin and the broader crypto market will likely rebound. However, foreign-exchange market activity suggests that this scenario is likely.

如果特朗普設法宣布與中國達成11個小時的協議，就像週一與墨西哥和加拿大一樣，比特幣和更廣泛的加密貨幣市場可能會反彈。但是，外國交換市場活動表明這種情況可能是可能的。

The AUD/CAD pair is down only 0.3% for the day, indicating that traders don't anticipate a protracted tariff war between the U.S. and China. The Australian dollar is commonly used as a proxy for China in forex markets.

AUD/CAD對當天僅下降了0.3％，這表明交易者預計美國和中國之間的關稅戰爭不會持久。澳元通常用作外匯市場中中國的代理。

“A cross like AUD/CAD should trade sharply lower in this situation given Canada has dodged tariffs and China has not, but it is only 0.5% lower on the day. That signals markets are pricing in a good chance that the US and China will also strike a deal and delay tariffs,” ING wrote in a note to clients.

“在這種情況下，鑑於加拿大的關稅卻沒有避免使用，在這種情況下，像AUD/CAD這樣的十字架應大幅下降，但當天的關稅還沒有降低，但它僅降低了0.5％。 Ing在向客戶的一份通知中寫道：“這發出信號市場的定價很有可能使美國和中國達成協議並延遲關稅。”

Despite the analysis, anything can happen with Trump, so traders should expect heightened volatility and stay vigilant.

儘管進行了分析，但特朗普可能會發生任何事情，因此交易者應該期望波動率更高並保持警惕。