Current support is located at 7400 $. There is a big resistance at 8185 $. In my opinion will follow these steps:
1. BTC will go to 7400 $. 2. Bounce back up to 7900 $. 3. Bounce back down to 7200 $. 4. Bounce back up to 7500 $. 5. Bounce back down to 7000 $. 6. And finally bounce back up. ( End of the down trend )
The RSI & MACD are still very low. It seems like there is a triangle pattern on the MACD!