Weekly Support & Resistance Zones for BTCUSDT on Binance (03/02)

2 Mar 2020

BTCUSDT was unable to close above the 9705 support level on February 25 and kept trading downward the next day. The pair broke through the 9050 support level and closed below it on February 26. The complete three black crows candlestick pattern formed (daily chart) signified that the pair would keep trading lower. As expected, BTCUSDT was trading downward for the next four days and reaching the 8275 support area. The pair is currently fighting to stay above the 8275 support level and if it's able to close above it today, it may bounce off the support level and heading toward the 9050 resistance level.