BTCUSD is approaching our first support at 3690.7 (horizontal overlap support, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 4405.5 (horizontal swing high resistance, 61.8% fibonacci extension, 23.6% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.