On September 3, President Trump announced he would file an emergency appeal to the U.S. Supreme Court to overturn a federal ruling that deemed many tariffs “illegal.” He warned that if the ruling stands, the U.S. may be forced to refund trillions of dollars in duties. The move underscores the legal risks tied to Trump’s trade policy and injects further uncertainty into global supply chains and markets. Following the news, the U.S. dollar index weakened, equities came under pressure, and investors adopted a wait-and-see stance.
In crypto markets, BTC is consolidating with near-term support at $109,000–$109,300 and resistance clustered around $113,500–$114,000. Price action has been choppy near $111,000, with liquidity maps indicating intensifying tug-of-war between bulls and bears.
Bitunix Analyst’s View: Trump’s tariff dispute adds another layer of policy uncertainty. Further volatility in the dollar could amplify swings in crypto assets. Investors should closely monitor the Supreme Court appeal and its potential impact on inflation and trade dynamics. From a technical perspective, BTC must hold the $109,000–$109,300 zone to avoid further downside, while a break above $114,000 would open the door for renewed upside momentum.
