Murphy: Bitcoin faces triple resistance at $82000

Nu, the largest digital bank in Latin America, has entered the US market, offering a 3.5% yield, cashback, global transfers, and cryptocurrency trading services.

[FTX Founder SBF's Appeal Rejected, Awaiting Pardon Application Outcome] FTX founder SBF was sentenced to 25 years in prison on multiple fraud charges, and his criminal conviction appeal has been rejected by the U.S. Court of Appeals for the Second Circuit. The case's outcome now depends on the result of his pardon application, as the Senate voted in July against granting him clemency. SBF faces an asset forfeiture order exceeding $11 billion and will not be eligible to apply for early release until 2044 at the earliest. (Source: CoinDesk)

Analyst Murphy stated that Bitcoin is facing triple resistance at $82000, including short-term holder profit taking, long-term holder unwinding, and whale selling pressure. Short term holders' chips are distributed between 59000 and 81000 US dollars, and exceeding 82000 US dollars will trigger profit selling pressure. Long term holders with chips concentrated between $81000 and $82000 will choose to exit when the price approaches breakeven. The group of whales holding over 100000 BTC is concentrated between $78000 and $82000, except for those around $40000.

The Vice President of Coinbase stated on a television program that the Bitcoin Clarity Act is expected to be passed this month and is currently supported by Senate officials. It is expected to receive 60 votes in support. （The Bitcoin Historian）

The Saudi East West oil pipeline system was hit by a missile attack, and satellite images showed that the pump station was damaged by fire. Drones came from the direction of Iraq. It is currently unclear whether the responsible party for the attack, the oil pipeline itself, and the repair time are affected. Saudi Arabia has diverted approximately 5 million barrels per day of crude oil through the pipeline to the port of Yanbu in the Red Sea, and the Houthi militants claim to strike Saudi ships passing through the Strait of Mandeb. (Source: CNN)