LONG Prediction with approval of ETF vs NOt approval of ETF..!!!!!

Hello everyone
We’ve got great news today, the sec has announced that they will decide about a BTC-ETF the 10th of August. Here is a short version of my view on the situation. Nothing major has happened yet since my last idea of BTC 1.96% , 4 days ago. First of all a small view on current situation.

Current situation:

• So we’re still on in the same area between our bottom at 5.7K and our strong resistance at 6.8K. We are now at these price-levels for a month. What does this mean?
  o The bears are not strong enough to break down under 5.7K
  o The bulls are not strong enough to break through 6.8K
  o This could be because it’s summer-time, there are way less trades in summer-time. less volume= less volatility
  o This could mean that we’ve now reached our bottom. We’ve never had such a long period between a such small price-difference. The bears are almost all gone.

Situation 1: yes to an ETF!

• Ideal scenario, the market will wake-up again, volume will go up. We will probably break through the resistance level (6.8K) in no time (the same resistance that we are fighting with since 12July).
• The only way is up, the moment we pass the 6.8K level, that’s a buy-sign 0.33% for me. That means that the bulls take over and that we over won the bears who are defending this level for a month now. We enter the trade zone above 6.8K.
• The next target is 10K. (very short-term)

Situation 2: No ETF

• Worst case scenario, will drop the price massively. I doubt that the bulls are still going to defend the levels at (5.7K-6K) if the SEC failed to launch an ETF .
• The next support-line is at 5K then. (20% down fall)
• Why 5K?
  o A lot of great investors have already announced that they will be interested in BTC 1.96% if the price goes below the 5K. (new volume )
  o A lot of shorts will run out at 5K.