BTC backs to Fibonacci 0.5 at to $53,300? Even lower?

We saw BTC touched Resistance level at 66.5K and moving back.
Right now, it is moving around Fibo 0.236 (60.5K).

The down trend will be confirmed when D1 closes below 59k. When this happens, the next target should be Fibo 0.5 (53.3K) or even Fibo 0.618 (50K).

What do you think?