Totally agree. This big drop can be considered as a correction for a further increase in the price of bitcoin. If not, bitcoin can remain to fluctuate around $30000~50000 for many months before having any significant move, either drop or rise outside the zone

Don't you feel a little bit confused when there are coincident FUDs appearing at the same time? We have Elon Musk FUD, institutional investor FUD (big sell-off 2 days ago) and now China decides to ban bitcoin once again. I believe whales are making this information so that they can easily both take profit and buy bitcoin at a very cheap price. In my opinion, $30000-$35000 is a good buying zone for both the long term and short term. Margin traders benefit themselves with leverage trading. Some of them earn more than 500% aftter the recover of bitcoin