特朗普延迟关税的决定后，比特币（BTC）的价格反弹，但预计会波动

比特币再次从主要的支撑区域中反弹，在该区域显示出强大的购买压力。价格还收回了50 dma，这是公牛队的积极信号。

Trump’s proposed tariffs pose a significant inflation risk, which could impact the Federal Reserve’s approach to rate cuts. Higher tariffs would lead to inflation spikes, forcing the Fed to maintain a slow and cautious stance rather than aggressively cutting rates. This “higher for longer” neutral rate scenario would weaken liquidity flows into risk assets like the S&P 5p00 and Bitcoin, putting downward pressure on their prices.

特朗普提议的关税构成了严重的通货膨胀风险，这可能会影响美联储削减税率的方法。较高的关税将导致通货膨胀率飙升，迫使美联储保持缓慢和谨慎的立场，而不是积极降低速度。这种“更高的”中立利率方案将削弱流动性流入标准普尔5P00和比特币等风险资产，从而向其价格下降压力。

At the same time, slower rate cuts would increase demand for the U.S. dollar, causing XXXUSD pairs (eg. BTCUSD, EURUSD, SPXUSD) to decline. The irony here is that while Trump is pushing for faster rate cuts, his own tariff policies would likely delay them.

同时，降低速度降低将增加对美元的需求，从而导致XXXUSD对（例如BTCUSD，EURUSD，SPXUSD）下降。具有讽刺意味的是，尽管特朗普推动更快的降低速度，但他自己的关税政策可能会推迟他们。

Overall, as long as the real Fed interest rate remains above CPI levels, inflation will continue to trend downward. However, baseline turbulence in the markets should be expected, creating uncertainty for investors.

总体而言，只要实际美联储的利率保持在CPI水平上，通货膨胀将继续向下趋势。但是，应该期望市场上的基线动荡，从而给投资者带来不确定性。