BTC - BTC needs to not close below 8350 or can move to 7900/7700

BTC closing below 8350 can be problematic as BTC can slip further to 7900/7700 and possibly lower .
This is the same view using FIB circles( graph below ) on the 30 min candle - BTC needs to close above yellow line and not close below 8350 or can
slip towards the 7900/7700 area .

Comment:

There is also support at 8220 which can bounce BTC , however closing below 8350 is not a good sign

Comment:

this looks like a 3 drives reversal to 8164