Personally I'm betting that BTC will keep dropping before August 1. I bought back in June when it dipped below 2100, but then I sold last week just before I was about to make a loss. I think I broke even, or if I made a loss it's only a few $.

I'm keeping a close eye on the charts and the news, but I think I'll buy back in after August 1. Of course we never know what will really happen, but I expect BTC to rise again in the long run.