I dont think we have the volumes to rally from this point. It has to fall to bounce. And the fall should start anywhere from next 2-3 hours onwards and dont worry the fall will be there for many hours. SO you can wait and buy between the 7600 - 7800 range. Always wait for the fall to stabilize, then only buy.
From there it will Rally upwards and we will meet the downtrend line and I dont think we have demand to surpass that level. Check for the sell zone, If there is heavy resistance in the sell zone then sell and make profit and wait for the next sqeeze and fall of bitcoin .
You can see the similar thing happening on 15 March.
PS: Stay away from day trading during these periods, RSI double bottoms or MACD strategies wont work in these periods and you may loose money.
Stay with the plan and you will make 15-20%
You may close position now with a stop loss of 8100
Whatever goes down will come up.
The bigger the fall, bigger will be the rally. Have a fun ride :)
From there, there is a big chance to face lots of resistance and price may go to an all All time Low (even below 6000).
BTC did not have the bull power to even reach 8430. So expect to go further down. Now may be the death cross will be the catalyst. Lets wait and see.