Excellent breakdown.
It's getting more and more difficult to say what will affect the BTC market. Mt. Gox -> Segwit -> China Ban. Each one is arguably "more disruptive" than the last, yet Mt. Gox caused the greatest disruption to the market. This is good news for crypto. At the same time, a ban followed quickly by an intent to regulate statement seems like it will be healthy for all markets involved in the long term.
I agree to your last phrase. I read in an economy newspaper that maybe China is trying to discourage people to invest in Bitcoin but they are afraid fo the effect that Bitcoin ban may have in real economy, so they are trying to make the price and confidence in cryptocurrencies to drop but not too abruptly.