BTCUSD reversed off resistance, potential for further drop!

BTCUSD reversed off our first resistance at 3567 (50% Fibonacci retracement, horizontal swing high resistance) where a further drop might occur below this level pushing price to our major support at 3088 (61.8% fibonacci extension, horizontal overlap support).
Stochastic (21, 5, 3) has reversed off resistance and we might see a corresponding drop in price.

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