The price correction is a norm when it comes to bitcoin price movement, especially now that the halving event is over. I believe that what happened in 2017, is what we are seeing here, when after the halving, the price of bitcoin dips before it pumps again.
Hong Kong bitcoin ETF approval is not the cause but just nature taking place with the way bitcoin was designed to be volatile. The current dip should be an advantage for us to buy more Bitcoin and stop worrying about what caused the dump, because in bitcoin when there is a pump or dump people relates it to an event that is happening or that just occurred, which is not true in most cases. The dump is to help the price of bitcoin go higher than the highest price which we saw as 73k before the halving.
These are very good points, and I agree with them.
As I am becoming more and more experienced with trading as I have been doing it for over 5 years now and mostly in the stock market. I started to just buy more bitcoin into this dip because I feel it is just a normal dip that is needed before we go higher.
It also seems normal after a bit event, like the ETF's, the halving, that bitcoin always drops after those events, but it should come back with an even higher price.