BTCUSD approaching support, potential bounce!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD is approaching our first support at 3739.2 (horizontal pullback support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur to our major resistance at 4052.5 (horizontal swing high resistance, 61.8% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching support where we might see a bounce.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

Thank you for your analysis! This is really intriguing.

We think the breakout is close.

For the first time since the beginning of the correction, we had such a strong bullish cross on MACD.

Q1 2021 min $300 000.

Take a look.

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