If the declines from a BTC ETF rejection find a support level and hold it, cool. Then it's like BTC 7k or something instead of 6k. It would be bullish.
Don't be confused, I'm long-term bullish on BTC, just that if the ETF's are not approved, I am unsure that capitulation for BTC has ended. https://steemit.com/btc/@crypto-investor/btc-market-analysis-july-12-2018