Weekly Support & Resistance Zones for BTCUSDT on Binance (10/28)
I added next major and minor resistance zones to the chart that I published last week:
Next Major Resistance: 11575
Next Minor Resistance: 10800
Current Major Resistance: 9705
Current Minor Support: 9050
Current Major Support: 8275
Next Minor Support:7375
Next Major Support: 6185
BTCUSDT hit the 7375 minor support area on Oct. 23 and then bounced off it on Oct.25. It managed to close above the 8275 resistance area, and penetrated the 9705 resistance zone the next day (Oct. 26) before it closed below it.
The 9705 resistance area is still seen as the current major resistance zone. If it's able to close above the 9705 resistance area, the next target would be the 10800 minor resistance zone. If not, it may make a correction to the 9050 minor support area.
Next Major Resistance: 11575
Next Minor Resistance: 10800
Current Major Resistance: 9705
Current Minor Support: 9050
Current Major Support: 8275
Next Minor Support:7375
Next Major Support: 6185
BTCUSDT hit the 7375 minor support area on Oct. 23 and then bounced off it on Oct.25. It managed to close above the 8275 resistance area, and penetrated the 9705 resistance zone the next day (Oct. 26) before it closed below it.
The 9705 resistance area is still seen as the current major resistance zone. If it's able to close above the 9705 resistance area, the next target would be the 10800 minor resistance zone. If not, it may make a correction to the 9050 minor support area.
