Buy the dip is alive and well it seems because the end result is that Evergrande remains at risk, central banks will soon be tightening and are increasingly concerned that inflation may not be quite as transitory as previously thought. Which begs the question, what exactly was the undesirable outcome for investors this week? It certainly makes the next few weeks interesting.
Of course, this time it’s happening as bitcoin appears to have entered into a correction phase which may have contributed to its declines. A move below USD 40,000 could see it come under further pressure after such a long period of consolidation above here.
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