BTC Approaching Descending Trend Line/Likely Rejection

BTC was just rejected at 7700 in what was very likely a stop hunt. I have had BTC in a no trade zone for over 24 hrs. Much of the market is optimistic likely due to possible ETF as well as institutional investors indicating an interest in trading BTC.

I am concerned that the 8/10 ETF announcement may be negative or delayed. This can be delayed technically for 90 days or even longer.

BTC is in a no trade zone for me still. We are more or less in the "Bart Head" manipulation channel, so I will simply be monitoring.