Bitcoin -Downside

This is he technical analysis on the 1D linear scale chart for Bitcoin ( BTCUSD ). This is just my opinion and not any type of financial advice.

1) The Bitcoin Price is breaking Fib 23.6% montly chanal
2) Its look like start to be CUP AND HANDLE Pattern, If the price back to Fib 23.60% , it will fall to the monthly resistance area at Fib 38.2% to 41K