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BTCUSD approaching resistance, potential drop!

BTCUSD is approaching our first resistance at 4288.5 (horizontal swing high resistance, 61.8% Fibonacci extension) where a strong drop might occur to our major support at 3970.9 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


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