BTCbrain

Weekly Support & Resistance Zones for BTCUSDT on Binance (02/10)

BINANCE:BTCUSDT   Bitcoin / TetherUS
BTCUSDT retraced to the 9050 territory support area on February 4 and then bounced off that support level with a huge bullish movement towards the 9705 resistance level the next day. The pair managed to break out of the 9705 resistance level and closed above it on February 6. The 9705 pivot area then turned into the current support level . The bullish momentum continued the following days and reached it peak at 10166 yesterday (February 9). BTCUSDT is making a huge retracement today back to the 9705 support area which does make sense after 6 bullish days prior. At this time, we have to wait for a close of today's candlestick to determine the next move.

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