Weekly Support & Resistance Zones for BTCUSDT on Binance (11/04)

BTCUSDT was unable to close above the 9705 current resistance area last week. As I mentioned last week, if it's unable to close above the resistance line, it might make a correction to the 9050 support area. On October 31, the pair retraced to the 9050 support zone and was trading below it during the day before it closed above the support zone. Since then, it's been stalling and the 9050 support area still holds up.

If BTCUSDT is trading up and closes above the 9705 resistance zone, the next target would be the 10800 resistance area. Otherwise, if it's trading lower and closes below 9050 support area, the next move would be to the 8275 support zone.