Dude stop reading what some bull manipulates the news to say as fact. It's bad news full stop. China's banning financial institutions from handling bitcoin transactions, if you see that as good news for Chinese exchanges or for bitcoin in China alone, your deluded.
Is your perspective now the following hours, days, weeks or months?
"Bad news for Bitcoin" as a generalization does not exist, because nothing can stop Bitcoin. It is just a question of the way.
Pls elaborate.