Bearish Formation on Total Crypto Market Cap

Crypto Total Market Cap is forming a Bearish Butterfly Pattern as well as hitting the top of an ascending channel that it's ranging in for the last two years. I expect a correction to $500B which is %61.8 of the CD wave of the pattern, after hitting $1,051B. In another case it can break $1051B to the next dynamic resistance at $1,700B - $1,800B.