So... is this THE dip everyone was waiting for? 🤔
Some fear this could be the start of a long bear market, while others see it as a great chance to "buy the dip". I'm honestly torn.
On one hand:
Hotter-than-expected U.S. PPI data indicated that inflation might still be a problem
Profit-taking was inevitable after that $124K run
Weekend selling with low liquidity magnified the moves
On the other hand:
Institutional demand hasn't changed
ETF inflows are still strong
This could just be a healthy correction
I'm not catching this falling knife yet. Want to see where we find support first. What about you?
Anyone actually buying right here at $117K? 👀
