Market is breaking down from a rising parallel channel after rejection at 41k. Bearish candle closing below 20, 50, and 200 EMAs. Tight squeeze on bottom band of Bollinger and has over extended. Next level of support is at 36.6k. RSI level on 1H almost crossing oversold region. If Bulls do not regain control of the market and downward trend continues we will be seeing BTC at 35.8k by week's close.