Weekly Support & Resistance Zones for BTCUSDT on Binance (03/10)

BTCUSDT managed to stay above the 8275 support level on March 2 and bounced off it. The pair broke through the 9050 resistance level on March 5 and stayed above the resistance level for a couple of days before the bears took over and gained control. The bears overpowered the bulls and drove the price down. BTCUSDT broke through the then 9050 support level and the 8275 support level on the following day. The pair continued to dip on March 9 and was trading below the 7750 for a while before the bulls fought back and managed to closed above the 7750 support level. The hammer like candle formed at the bottom of the 7750 support area on March 9 after the 3-day bearish trend signified that a reversal may happen.