Haven't seen capitulation yet

I have to admit that I got caught in what it is going to be a bull trap too even though I was aware that we are still in the downtrend channel. I think that we are going to print another lower high around $11,300 and a very long and discouraging downtrend until BTC reaches around $3,500 where we will see traders capitulating potentially because of a bad news or a hack before the market recoveres.