BTC has not yet broken the lower uptrend line. It has bounced off it twice which is also around the 0.6 fib, which looks positive for now. The longer it tests this trend line the weaker it get and if the trend line and 0.6 fib is broken, then the next support is at $7736.
MACD is looking bearish. RSI is oversold, however, it's acting like the last time BTC dropped to $7k. So chances are that we might see another drop for BTC to $7736.
Just my opinion and not financial advise. DYOR.
