I just reviewed Dan Gambardello's analysis, and there's something currently worrying traders. The Supreme Court ruling on tariffs that comes out tomorrow morning could be a major catalyst for Bitcoin and the rest of the crypto market. Apparently, there’s a 70% chance it will overturn the tariffs, which would mean a refund of $133 billion. That’s a lot of money at stake.

The interesting thing is that Bitcoin already went through something similar in April when Trump talked about tariffs and it dropped nearly 10% to touch $70,000. Right now, the price is at $77.38k, so we’re not far from those levels if things turn ugly. The analyst points out that if the market doesn’t react well to the Friday news, there’s a critical support range between $86,000 and $83,000 to watch. If that breaks, we could revisit those April lows.

But here’s the interesting part: the current macroeconomic setup is different from 2018 and 2022. We are at the end of a quantitative tightening, not the beginning. That would completely change the game for Bitcoin and Ethereum. Ethereum’s 20-week moving average is approaching the 50-week, something that has historically marked bottoms when macro conditions are favorable. In 2019, something similar happened before a significant bullish move.

Ethereum’s risk score is at 39, which is in the pre-bull market zone, not the 90-100 that would mark cycle peaks. So, although Friday could be volatile due to the Supreme Court ruling and unemployment data, the macro fundamentals suggest this could be more of an opportunity than a trap. Obviously, those supports need to be watched, but the long-term outlook seems more bullish than bearish.