Bulls are supporting bitcoin price at S1=8300$. This level is equal Fibonacci Retracement 61.8%. As it is obvious the Short-Term trend is bearish (The yellow line). While this trend doesn't break bears are more strong than bulls and they can drop the price to S2 at 7950$. This level is identical with Fibonacci Retracement 71.8% and Fibonacci extension 100%. S2 also is a static level. After a correction BTC will drop to second static support and Fibonacci Extension 161.8% around S3=7650$.