At this point 35k interim support is cleared and BtcUsd is on its way to 30k support
IMO this time 30k will not hold and a drop to 20k will follow
35 is now resistance and rallies to that zone should be sold
Only Btc above 42k would put it in a range trading mode, and this is very hard...
China is not Bitcoin.
Be careful not to get bogged down by FUD. The bottom of sell offs is never ending with FUD stories. Same is true of the market top, Bitcoin replaces the dollar! New world reserve currency!
Who is 'we' incidentally? Bitcoin is permission-less border-less. The CCP can do whatever they want but they can't oppress people for ever. Dictators the world over fear a weakening grip of power. History is not kind to them. Look at Turkey, a basket case tinpot dictator destroying a once world leading economy for what?
Also look at the correction we've had, 55% or thereabouts. Just as with previous mid-market cycles. This next 6 months are upward from here. $27.5k is amazing if you can get it.