Traders, get ready! Two major events in the United States back-to-back tomorrow could shake the market and trigger a wild ride for cryptocurrencies! 😱💥
1️⃣ Supreme Court decision on tariffs (~10:00 AM Eastern Time) ⚖️
Will the tariffs introduced during Trump's era remain or be repealed?
Illegal → Over $600 billion returning and market chaos incoming! 📉
Shock in sentiment = Decline in stocks and cryptocurrencies 🪙
2️⃣ US Jobs and Unemployment Report (8:30 AM Eastern Time) 📊
Expected unemployment: 4.5%
Weaker → Panic over economic recession 🔥
Stronger → The Federal Reserve continues strict policy and delays interest rate cuts 🛑
💡 No-winner scenario:
Weak data = Increased recession fears
Strong data = More stringent policy and slower growth
⚡ Be cautious: Update stop points, manage risks, and do not get wrecked!
Cryptocurrencies to watch due to volatility 💹:
