Binance: Venezuelan users' access to the platform is restricted

Binance posted in X that Binance's Venezuelan users encountered difficulties in accessing the website. Binance said: "Like many websites of companies in different fields such as Venezuelan social media, Binance's pages also face access restrictions." The company said that it was "paying close attention to the developments and solving the problem in the best and fastest way possible", and said that the user's funds had been protected by the "SAFU" (User Security Asset Fund). According to the human rights organization VE sin Filtro, CANTV, the country's state-owned telephone and Internet service provider, is blocking the services of Amazon CloudFront, causing a large number of network congestion. Earlier, Venezuelan President Nicolas Maduro announced on Thursday that he would block the X system for 10 days to "end the network's plans to spread violence, hatred and attack Venezuela from abroad." Subsequently, the Venezuelan government adopted the above-mentioned restrictions.

#BitcoinCash has seen an unsuccessful breakout of the bearish channel on the daily time frame, followed by a sharp price drop.

#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.

Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.