BTCUSD is testing its resistance, watch for potential drop!

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BTCUSD is testing is testing its major resistance at 11703.6 (Horizontal swing high resistance, 38.2%, 50% Fibonacci retracement ) and a strong reaction could occur at this level, pushing price down to our next major support at 9246.80 (horizontal overlap support, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (21,5,3) is reacting off its major resistance level at 92 and RSI (55) is testing its ascending support line. This is a good precursor of a potential drop should RSI make its bearish exit.

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