There is immense hope - in less than two years, living in one of the most oppressive & anti-trans states in the US, I managed to fully transition, I had reasonable access to care including surgeries, I updated most of my documents, and then I fled to a safer state where I managed to update even more of my documents, and I now live life as my gender full-time without issue.
Day-to-day, there is no real immediate threat to my life or safety (any more than a cis woman would experience), and even though the news can be overwhelming at times, I am mostly focused on living my life and improving what I can within my life.
Even in the worst moments, the struggles of being a visibly trans person in a hostile state were still preferable to life pre-transition (not that I could have known this before).
Every day I feel more or less happy and excited to be alive, and I can thank transitioning for that. I feel mostly hopeful about the future, even with the uncertainty. So far, things are far better than I thought they would be by this point. Some things (like hospital closures) have happened as I expected, but other things (like full criminalization of trans adults in the most anti-trans states) have not happened.
some advice (feel free to ignore if that's not what you're here for)
My suggestion is to care more about your mental health and be more practical with how you relate to the news. Even though it's probably not safe or responsible to completely check out, I've had to find ways to contextualize the news and not let the drama of this administration ruin your life with run-away fears and anticipation of a future that may never come. Learn to differentiate the political theater from the material situation.
There is a middle ground where you can take a practical approach to the news as a means of informing how to prepare for and make the changes you need to make to keep yourself safe, without letting it run your life.
Regarding context: if your mental health can handle it, go read about what it was like for trans folks in the 1970s and appreciate the fact that trans people enjoy much greater care and rights now than ever before.
Guard your experiences - be picky about what doctors & other providers you go to. Get connected within your local community and figure out who is safe through the community. Cultivate safety through who you choose to be around and what spaces you are or aren't willing to be in.
And in the worst case, when the fear has gripped me, I find it is helpful to take agency - taking steps to leave an anti-trans state and seek refuge in a state with strong trans rights was a way to feel hopeful and to undermine that sense of complete victimization. Do what you can, each day, to create that sense of autonomy and choice, even if that day it's as simple as making sure you are eating healthy, hydrating, exercising, and getting enough sleep.