June 27 BTCUSD BingX Chart Analysis and Today's Headline
The weekly chart of BTC shows a key support-resistance level around $29,500. Although there was a brief dip below it yesterday, the price quickly recovered, indicating a prevailing bullish sentiment. In the short term, as long as BTC remains above $29,500, there are no significant concerns. Even if a breach occurs, the nature of the candlestick close becomes crucial. If it's just a wick below the level, it may not be of major concern. The subsequent rebound of BTC could either form a head and shoulders pattern or directly break the previous high. Patience is advised as the current market trend involves rapid surges followed by short-term low volatility oscillation.
Today’s Cryptocurrency Headline
FTX Debtors: About $7 Billion in Liquid Assets Have Been Recovered
According to reports from The Block and Bloomberg, the debtor of FTX released a second investigative report, providing detailed information about the exchange's mishandling and misuse of customer deposits. The report reveals that FTX owes approximately $8.7 billion to its clients. The third investigative report is expected to be released in August 2023. Furthermore, FTX's new management team claims to have made substantial progress in asset protection, recovering around $7 billion in liquid assets so far. The report also states that the majority of the deficit (over $6.4 billion) consists of misappropriated fiat currency and stablecoins.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Today’s Cryptocurrency Headline
FTX Debtors: About $7 Billion in Liquid Assets Have Been Recovered
According to reports from The Block and Bloomberg, the debtor of FTX released a second investigative report, providing detailed information about the exchange's mishandling and misuse of customer deposits. The report reveals that FTX owes approximately $8.7 billion to its clients. The third investigative report is expected to be released in August 2023. Furthermore, FTX's new management team claims to have made substantial progress in asset protection, recovering around $7 billion in liquid assets so far. The report also states that the majority of the deficit (over $6.4 billion) consists of misappropriated fiat currency and stablecoins.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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