BTC/USD TA Update (Bounces at 0.5 Fib level?)

BTC/USD - Quick Update

Bitcoin perfectly bounces off at 0.5 Fib level and the price retest the upward trend-line support and is now acting as resistance.
If Bitcoin fails to get above 8150 and hold it, there is a high probable failure and come back down to retest the key support at 7700 regions.
Areas we will be watching for a bullish move is from 7900 - 7700 levels must hold. Traders who are in Long positions will have their stop-loss under the 7660 area.