BTCUSD approaching resistance, potential drop!

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BTCUSD is approaching our first resistance at 7498 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, ascending channel upper resistance) and a strong drop might occur below this level pushing price down to our major support at 6833 (horizontal overlap support, 38.2% Fibonacci retracement, 100% Fibonacci extension, ascending channel support).
Stochastic (89,5,3) is also approaching our resistance and seeing a bearish divergence where a reaction below this level might see a corresponding drop in price.
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