BTC movements before ETF announcement

Right now we're moving in a bullish descending triangle while touching the local trendline on the high points. Globally we need to hit the latest low point around 5900-6200. After that I expect the reversal of the trend and the start of the bull trend. But before we hit the low we need to get rid of shorts by going to 6600 level where we've already seen a strong resistance. If I'm right, next target is ~6600, then ~6200. Let's see.

Comment:

Although a bit outdated, my prediction has been right. We've experienced a squeeze before going on the next level to get rid of long positions. Personally, I got REKT during this one. I hope you guys didn't and have been hodling the position.

We're now heading onto the previous resistance and now the support level around $$6500-6600. I can't tell for sure if we'll hit $7200 zone, but the probability is high. The global trendline is going even higher, so we might experience even 7500-7600 level if we break this one. If not, we'll see the last global dip around 5800 before going to the moon. That could probably happen near September, 30 when the last decisions about ETF will be made.

Anyway, that's just my thoughts. And I'm an inexperienced trader. So better DYOR