The best course of action, in my view, is to expect nothing and be happy if something actually happens. The two main blockers to flying are the "Stay at home" order issued by the government and the bans to entry from the UK due to the Kent mutation. The first might be lifted sooner than the latter, despite all the rhetoric by some of the government's minister about a "great British summer" here (a slogan that makes me cringe but OT).
With regards to status, BA has already extended the thresholds by one year; mine, if I understand correctly, lapses in 2022. The main issue, for me, is gaining the Tier Points needed to maintain it - but to be honest with you, there are more pressing matters.