Bitcoin Short Term Correction & Support Levels Bitfinex

I assume Bitcoin could correct short term. The reason for that is, it reached the 3rd arc pair on a 240min set-up and it left a short term price channel. Since market conditions are still quite unstable it is unclear how far Bitcoin would correct.

1st support would be 7830 (bottom of the square)
2nd support would be 7600 (0.5 fib retracement and 2x1 fan )

Trade safe.