i think it is possible that most investors believe that SEC is going to reject ETF this time too because if you look at the price it has not moved at all. it is still in the same price level as it was before. otherwise if they thought SEC is going to approve it this time then they should have started buying bitcoin and price would have gone up. and lets not forget that this is not the first time either.

if my assumption is correct then if SEC actually rejects it this time too, then price shouldn't be affected at all because the market already expected it and never went up to come down now.
but if they do approve it, that will come as a shock to the whole market and we may see a huge FOMO buying action within hours and price can shoot up to $9k$-10k before the day ends.