Pivot point is at 8459. Below this point, there is a bearish scenario, above a bullish one.
In the green circle, there is a strong trend reversal pattern. However, it only caused a small upmove. This means that the bear trend is still effective.
At 7567 and 7540, there are strong support levels. A break of these levels would open the way down to 5511.
Should BTCUSD move significantly above the Pivot point, another test of the lower side of the violet triangle would be possible.