We're heading for a bull trap. There's still a bunch of people on the side lines waiting to see what will happen.
It likely won't go much lower before aug 1, and it'll shoot back up as FOMO hits.
Once that money is back in and there's no more, whales will sell any news good or bad. Then it'll go bear market for a while until there's some good news, at which point whales will pump the price and we'll be back where we started.
Welcome to crypto.