We are definitely persistent seller of BTCUSD since the end of Aug.
Today we have two ABCD patterns both targeting 7500-7700 zone. That is where could be a strong support for BTC to stop dropping. But that does not mean you could start a buy position immediately. That is only for sellers as targets of sell order. Buy order still need to wait for entry signal to confirm.
We are currently long at 8030
Good Luck!