before some hours BTCUSD dumped and 50MA doing good Support. 50 MA support is $7682.
We can see some upward side moment around $8000. and after we can see again down side moment till $7500-$7600. it will be possible if downside move and not break again $8000.
if BTC move upward side above $8000 then we can see new High of this year.
Now what:
Support: $7450-$7550 Resistance : $7800-$8000.
What Next: if we again hold $7800-$8000 then we can see new high of 2020. and Our Target will be $12500. but if break down $7800 Support then we can see $7450-$7550. This is good Support and Retest area.