BTC - 100 MA acts as support

For the second time in a short period the 100 Daily MA acted as support. If we don't bounce from here then I will long BTC once it hits the purple line...There must a lot of liquidity over there. There is still a CME gap in the 8500 - 8800 (or even lower if I am not mistaken) region, could be possible if we wick down to that region.

This is not a trading idea, just an observation.