Bitcoin is ready for another crash. Reasons here

It's confirmed that the ETF event was a huge bull trap. Everyone who bought the news is at a massive loss. Bitcoin crashed by 21% this month (from 49k to 38k). Whales want to buy cheap Bitcoin and need a lot of liquidity for it. It's not easy for whales to buy BTC with a large amount of money; they need liquidity and stop losses of others to do it. That's why they first need to send Bitcoin down. As per the latest data, the most liquidity is at 34k and this is a sweet spot for whales. 

From a technical perspective, the price of Bitcoin is inside this descending parallel channel, so the downtrend is absolutely valid and intact. From the Elliott Wave perspective, it looks like a strong impulsive wave, and we still need to go down to complete the 5th wave. It is always important to take a look at the Fibonacci extension and look for the 1:1 extension target. In this case, the 1:1 extension is at 36100. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.