BTCUSD 1W chart broke the downtrend line and retested.
One of the possibilities on the basis of 2014 fractals,If ETF gets approved then it might follow the Green bar projection.If not(ETF Rejected) then Red bar projection might follow.
Upcoming ETF decision dates:
Sep 7: Bitwise / Approved, denied or postponed.
Sep 21: Direxion / Approved or denied.
Sep 30: CBOE VanEck/SolidX / Approved, denied or postponed.
Black vertical lines are marked as ETF decision dates.