I know that these kinds of events have a greater impact on the market but to be honest, I’m done with any crypto news that is about China banning or removing their ban on bitcoin. I think China is that one country who just doesn't want any other country to benefit from some big technology. You can’t say they are against Bitcoin just after seeing them banning the mining activities.
We can never know what they are up to. If you have faith in the crypto market, keep it strong and let them do what they want to do in their country.