Analysis: Bitcoin under huge selling pressure under $ 8,200

According to analysis, the current Bitcoin price trend indicates that the market is under tremendous selling pressure below $ 8,200 and $ 8,000, but the $ 7,500 support range may be a "savior". If strong buying interest is found near $ 7,500, the market may begin to recover well. On the bright side, MACD is currently showing some bullish signs, with initial resistance near $ 8,280, and bulls above this may re-target to test the $ 9,000 price level.