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July 5th BTC and ETH geopolitical tensions are tight, is it a trap to lure longs?
On January 3rd, Dapao launched a military raid on the capital of Venezuela, kidnapping the sitting president Maduro and his wife directly, taking them to Dapao for trial. It is also said that they are expected to appear in a New York court on January 5th.
Currently, Bitcoin is in an upward trend, with technical indicators showing the price above both short-term and long-term moving averages. The MA bullish alignment and recent golden cross form a strong bullish resonance. However, trading volume is extremely thin, indicating insufficient market participation and a potential divergence between volume and price. The RSI is in the overbought zone, further suggesting a short-term risk of a pullback.
BTC trading suggestion: short at 93666-93900, target 917, break below to watch 909 and 90100-89300.
ETH trading suggestion: short at 3200-3220, target 3125, break below to watch 3095 and 3055.