Perhaps today the ETF will be rejected.
no because SEC has no plans on letting the bitcoin market be rid of them this soon, they will reject ETF by the end of this month no 23 days sooner!
since there is no more news to come out until then we may end up seeing the same slow rise that we had recently towards $8k and then drop down from then when SEC actually rejects the ETF and finally we can see the rise interrupted afterwards.
There you go. This cycle is non ending and there is no technical analysis which will come to be true to believe on. With the time, there are many changes that will happen and currently the most hot topic is about SEC and it's decisions based on the current use case of crypto currency.
If they keep rejecting the ETF like that then surely each time bitcoin will fall to the ground because major investment will be seen as falling out of the sky.
Due to this we are loosing major investment into crypto and thus there will be no more support walls for unless and until people willingly jump into the crypto itself.