I'm using Bitches and Hoes in 2 ways here, in derogatory way to refer to women as well as the demeaning way. It's more a play on the trans bitch being a woman, me referring to her as a bitch and hoe is to play into the gendered insults while also acknowledging said trans girl's preferred gender.

How do you interpret it?

I don’t even know who you’re referring to but you’re right