BGB — What The Chart Says After The Incident 📊 Credit where it's due 👏 When the hot wallet incident hit, @GracyBitget went live and stayed on for over 3 hours taking real questions from the community. Not a scripted statement. Hourly updates on top of it. That's not how a platform that's hiding behaves. Now the chart 🔍 BGB wicked hard into 1.8850 — the rising support trendline I've been tracking, and the exact level I entered off. It got bought immediately. Price is sitting at 1.9636 and hasn't given it back. Levels I'm watching: 🔹 Support: 1.8850 — has to keep holding. Below that, 1.7523 🔹 Resistance: 2.0722 first, then 2.1949 at the top of the channel While 1.8850 holds on the 4H, structure is intact. On the fundamentals, per Bitget and Gracy's statements: 🔸 Estimated loss ~$351.6M 🔸 Covered by the User Protection Fund — 5,500 BTC, over $464M, public on-chain addresses anyone can verify 🔸 Proof of reserves above 100% 🔸 Deposits and trading remained operational throughout The bit people are missing: this is not FTX. FTX froze because the money was gone. Here an outside attacker took funds, and a pre-funded reserve already exists to cover the loss. Loss containment is confirmed per Gracy's update. Withdrawals being paused is inconvenient — I'm not going to pretend it isn't. But freezing withdrawals during a security review is standard protocol, not a sign the money isn't there. Never had a withdrawal issue previously. I'm staying. $BGB #bgb
Bitcoin Update: Weekly Close Above Resistance – Big Shift 📈🔥 $BTC just printed a massive weekly close out of that long descending resistance trend line. First clean weekly close above this level. That’s the line I’ve been watching. 👀 For confirmation, the healthy move now is a retest of that same line as support — around $79,300. If price tags that zone and holds, that’s an ideal area to look for longs going forward. On the daily, first resistance is still around $81,400. Hold above the weekly break and that becomes the next hurdle. Lose $79,300 and we’re back inside the old range. This close matters more than the daily noise. Next few weeks could get very interesting — global tensions are elevated and liquidity is jumpy. That mix has a habit of forcing bigger moves in crypto. ➡️ Retest $79,300, hold, and push? ➡️ Or fail the retest and slip back under the trend line? What’s your take from here? Drop your thoughts below 👇 #BTC #Bitcoin #Crypto