Bitcoin testing major resistance, potential reversal!

Bitcoin is testing major resistance at 7738 (Fibonacci retracement, horizontal swing high resistance) and a strong reaction could occur at this level to push prices all the way down to major support at 7529 (Fibonacci retracement, horizontal overlap support).
Stochastic (55,5,3) is seeing major resistance at 90% where a corresponding reaction could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.