BTCUSD approaching resistance, potential bounce!

BTCUSD is approaching our first support at 6862 (horizontal overlap support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension, bullish channel) and a strong bounce might occur above this level pushing price up to our major resistance at 7522 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
RSI (89) is also seeing a bullish channel and approaching its support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.