Supreme Court Tariffs Ruling Could Add Volatility — Bull Trend Intact If BTC Holds Key Support
Crypto markets rallied as Bitcoin pushed toward $94,000 and Ethereum reclaimed $3,200 amid broad risk-on flows and bullish market structure. Key drivers include BTC holding above $93K, ETH breakout above $3,200, altcoin strength, political uncertainty around President Trump’s criticism of the Fed, and markets pricing in future rate cuts. Traders are focused on a US Supreme Court ruling expected tomorrow on Trump’s tariffs. Prediction markets favor the tariffs being ruled illegal. If the court strikes down the tariffs (base case), markets would likely see reduced trade uncertainty, a softer dollar and continued support for risk assets — Bitcoin likely to hold $92K–$93K and ETH $3,150–$3,200. If the court upholds the tariffs (surprise), a short-term risk-off move could push BTC toward $90K–$91K and ETH to $3,050–$3,100, but absent hawkish Fed moves or heavy ETF selling this is expected as a pullback rather than a trend reversal. Technicals remain constructive: consolidation below resistance, rising volume, and no major bearish divergences. Traders should expect increased intraday volatility around the ruling, watch daily closes for directional confirmation, and monitor key levels: BTC >$92K to keep bullish structure, break above $94K toward $98K–$100K, or a drop below $90K signaling a short-term correction. Overall impact: likely volatility, not an end to the bull run unless support breaks or macro conditions shift sharply.
Bullish
The article presents a constructive market picture: Bitcoin >$93K, Ethereum breakout above $3,200, expanding volume, and altcoins following — all technical and structural signs favoring continuation of the bull run. The Supreme Court ruling on tariffs is a clear short-term catalyst likely to increase volatility. Historical precedent shows that political or legal shocks cause rapid intraday moves and short-lived risk-off reactions but do not necessarily reverse strong macro- and technically-backed uptrends unless they provoke a sustained macro shock (e.g., sustained dollar strength, hawkish Fed shift, or large institutional outflows). The base case (tariffs ruled illegal) would remove trade uncertainty and reinforce risk appetite, supporting BTC/ETH levels. The surprise case (tariffs upheld) could trigger a pullback to the $90K area for BTC and low-$3,000s for ETH, but without follow-through from other macro drivers it would likely be a correction. Short-term: expect higher intraday volatility, wider ranges, and possible quick stops for leveraged positions — traders should tighten risk controls and use daily closes to confirm direction. Long-term: as long as key supports hold and macro liquidity remains favorable, the broader bullish trend remains intact. This aligns with prior events where geopolitical/legal shocks created opportunities to buy dip rather than caused lasting trend reversals (e.g., past tariff headlines, election surprises with limited macro follow-through).