I keep trying to find reasons why people are saying btc will drop to $7500 to $8000 range next. I can't understand how they missed 3 big supports nearly right next to each other. If we go back all the way from where the run started and look where the .618 FIB is, it matches up almost to where the 200 ema is. Also, that previous uptrend resistance line a while back has now become support. This is also in this area. $8700 to $8900 range should be the bounce. Whales also know people will be waiting at $8000 so they're going to jump in before that to screw you over.
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I pushed FIB back 1 previous run. Green area is where you can put a ladder of buys if this support fails to hold
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It looks like were getting close though imo