K33: The current BTC market is in a wait-and-see attitude and not entirely bullish. If Trump's tariff stance softens, it may stimulate a rebound

According to The Block, K33 analyst stated that despite a calm upward trend in the cryptocurrency market over the past few weeks due to indications of a softer stance on tariffs by the US government and slightly dovish Federal Reserve position, there are still eight days until President Trump's "Liberation Day", and tariff-induced market volatility could further intensify. However, BTC's most severe de-risking phase seems to have ended, with the market now returning to a wait-and-see attitude. Yet some traders maintain a slightly optimistic outlook while remaining relatively passive and defensive, not entirely bullish.

Analysts believe that if Trump softens his stance, the market may rebound. If he continues to be ambiguous, volatility could affect both long and short positions simultaneously; if he takes a hard line approach, there might be significant declines - similar to previous drops related to tariffs.