Bitcoin's resilience in the face of the US Supreme Court's decision on President Trump's tariffs is a fascinating development, but it's not without its complexities. While the court ruled that certain tariffs were illegal, sparking a modest risk-asset response, Bitcoin's price action remained rooted in a firm range. However, the talk of potential tariff refunds, estimated at a staggering $150 billion, adds a layer of intrigue. But here's where it gets controversial: the Supreme Court's ruling on the International Emergency Economic Powers Act (IEEPA) has some experts questioning the implications for future tariff decisions. This has led to a muted overall risk-asset response, with Bitcoin traders still grappling with the market's precarious state. Despite the potential for refunds, Bitcoin's price action is stuck in a downwards trajectory, with bears seemingly 'in control'. The 200-week exponential moving average (EMA) is a critical point of interest, and its potential flip to resistance could spur on the next phase of Bearish Acceleration. So, what do you think? Do you agree with the bears' control over the market, or do you see a different interpretation? Share your thoughts in the comments below!
