Still Bearish and waiting for rejection at 20,470 and 21,016

NOT A FINANCIAL ADVICE. PLEASE DO YOUR OWN RESEARCH.

Looking at the daily BTC/USDT Chart, bitcoin is currently following a descending channel pattern. I am still bearish with bitcoin and I am waiting for the price action at $ 20,470 and $21,016. These figures are the 50% and 61.8% fibonacci retracements respectively from previous swing low. If price fails to break these levels, I will definitely continue shorting.