$ETH A series of issues surrounding tariffs, geopolitical conflicts, and other matters are slowly escalating, and there is no end in sight for now. First, regarding tariffs, Trump believes that the tariffs he imposes do not require approval from the Supreme Court; this is the president's right. However, this authority has caused chaos in the European Union and several other countries and regions.

Secondly, there is the issue of $134 billion in tariff refunds. Currently, the House of Representatives and the Senate are bickering. The Democrats hope to push legislation forward, and they have explicitly stated they will not agree to Trump's tariffs after 150 days. However, these 150 days are likely to be chaotic, extending into early July.

That's not all. The risk of escalating geopolitical conflicts between the US and Iran is increasing. US oil prices are still rising. The Pentagon has also submitted a budget adjustment plan to Congress, allocating $151 billion for ships, missiles, and fighter jets. This money is enough for the tax refunds. According to market forecast data, the Democrats' chances of winning the midterm elections and gaining control of Congress are increasing, which puts Trump and the Republicans in a tough spot.

A retracement around 1763-1698 can be used to go long, with targets around 1850-1880.

A rebound to around 1863-1883-1920 can be used to go short, with targets around 1765-1700.