In the past few days, BTC has started to consolidate again, hovering around $106K.

Personally, I am not too pessimistic; instead, I feel this is a typical accumulation before the "main upward wave" —

The dollar remains weak.

ETFs continue to see inflows.

The market is waiting for a new catalyst (which could be policy-related or driven by tech stocks).

Additionally, the FATF has just pointed out the risks of stablecoins, saying that the "money laundering loophole" is getting larger.

Regulatory pressure is bearish, but in the long run, this kind of "cleanup regulation" also means that compliant projects will gain more space.

Ultimately, this round of market movement is no longer driven by sentiment, but by structural-driven competition.

My advice: Don't panic during the fluctuations; pullbacks are opportunities; don't be scared off by short-term movements, the direction is still there.

#BTC #Crypto #Stablecoins #Regulation #PersonalObservation #MarketSentiment