Weekly Support & Resistance Zones for BTCUSDT on Binance (02/25)

BTCUSDT was just barely closed above the 9705 support level on February 17. It bounced off the support level with a sizeable move the next day before it retraced back to the support level and closed below it on February 19. The pair was gradually trading up for the next four days and closed above the support level on February 23. However, BTCUSDT retraced again back to the 9705 support level and closed below it the next day (February 24). The pair is currently trading below the support level and the next move depends on whether it will be closed above or below the support level.