Bitunix Analyst: Trump’s tariff fate hangs in the balance — Supreme Court ruling may redefine U.S. trade authority

On November 5th, this week, the U.S. Supreme Court is set to hear the case of Learning Resources Inc. v. Trump. This is a landmark case that will determine whether the president has the authority under the International Emergency Economic Powers Act (IEEPA) to impose foreign tariffs. The ruling in this case has the potential to reshape hundreds of billions of dollars in trade and debt structures and is being referred to as "the most consequential economic lawsuit in nearly a century." Experts anticipate a highly divided outcome, with the odds being seen as a "50-50 split." If the ruling goes against the administration, the White House may be compelled to refund previously collected tariffs, which could potentially redraw the boundaries of presidential power in trade and economic policy. From a market perspective, investors are closely analyzing the justices' questioning tones to obtain directional cues. U.S. equities remain volatile in the face of tariff uncertainty and political risks. Although Trump did not attend the hearing, the presence of Treasury Secretary Bessent in court attracted significant attention. Bitunix Analyst's View: BTC briefly dropped below $100,000. The near-term support level is around $101,400, and if this level fails, there may be a potential liquidation zone near $98,000. The upside resistance is between $115,000 and $117,000. As U.S. policy risks and macro expectations converge, market sentiment has become defensive in the short term and cautious in the long term. If the Supreme Court ruling triggers significant dollar volatility, crypto assets may serve as an alternative hedge. However, it is also expected that volatility will increase in tandem.