Once this persistent rumor is confirmed, Its gonna get really ugly when bulls ( knife-catchers) and hodlers panic and capitulate as it pops.
Sheer Panic and unreal prices is not excluded in the coming weeks..
It is possible you are very wrong.
It is indeed possible. But do you know how many times and at how many price ranges I have heard that 'China is already priced in', only for it to turn out that it actually isn't?
Going forward, we have to assume that sooner rather than later, all the volume on the Chinese exchanges is going to stop, as the exchanges cease to operate because the Chinese government are not going to allow a phenomena to openly flourish that has the potential for undermining their entire economic system. As the reality continues to materialise, there will be further sell-off events, which a combination of arbitrage takers, those anticipating the arbitrage takers, and those simply panic selling cos the price is going down, will ensure that activities on the USD exchanges mirror the CNY exchanges.
Any uptrend between now and the end of digital Bitcoin trading in China will be a counter-trend rally...........(and I personally am suspecting a little rally up to mid $550 ranges).
It is that simple.