Today, should we panic about the market drop or not?

In my opinion, what is happening today is a natural correlation; at the peak value of $BTC investors took profits and withdrew assets.

In the short term, we can expect:

1. If on July 30 Jerome Powell hints at lowering rates, then cryptocurrency will sharply increase.

2. If asset withdrawals continue, the correlation will stretch into August.

3. If the approval of altcoins is unblocked - ETF - also an increase.

Personally, I am waiting for the rise of meme coins $ADA and $PEPE .

Which scenario are you more inclined towards? Share your thoughts in the comments.