BTCUSD is approaching our first support at 4034.5 (horizontal pullback support, 50% fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur to our major resistance at 4119.1 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching support where 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.
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