Bitcoin Steady at $90-91k as Traders Await Supreme Court Tariff Ruling
- Market Volatility Expectations: Bitcoin is currently trading in the $90,000 to $91,000 range as investors closely monitor the U.S. Supreme Court's ruling on Trump's tariffs, which could significantly impact market liquidity and Bitcoin's volatility.
- Potential Treasury Refund: Discussions in the market suggest that the ruling could lead to a Treasury refund of $130 billion to $140 billion, directly affecting liquidity conditions and potentially triggering significant volatility in the Bitcoin market.
- Investor Reactions: Predictive markets indicate a notable chance of partial tariff reversal, and such fiscal changes could stimulate investor actions in Bitcoin and macro-hedge assets, particularly in the repricing of liquidity-sensitive assets.
- Historical Context Analysis: Bitcoin's current consolidation suggests market participants are awaiting the ruling outcome, as historical precedents show that fiscal policy changes often lead to increased trading activity in Bitcoin, highlighting its close ties to liquidity propositions.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.512 | 2.266 | 3.092 | 3.846 | 4.672 | 5.426 | 6.252 |
| Fibonacci | 2.266 | 2.869 | 3.242 | 3.846 | 4.449 | 4.822 | 5.426 |
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