BTCUSD is approaching our first support at 3460.8 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 3823.4 (horizontal overlap resistance, 50% Fibonacci retracement ). Stochastic (89,5,3) is also approaching support where we migth 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.