Good morning, today the market is not about dreaming, but about retracement.

BTC is currently around $63,219, down 5.3% in 24 hours; ETH is at $1,791, down 3.8% in 24 hours.
The total market capitalization has returned to around $2.29 trillion, down 4.2% in 24 hours, but trading volume has actually increased by 133%, indicating that this wave is not a slow decline, but a panic sell driven by emotion.
On the charts, BTC has already hit a weak level close to the end of March.
The market now seems more like trading “lack of new money,” rather than simply blaming a big whale.
I will continue to watch two things at this level: first, whether BTC can quickly recover to $64k; second, whether ETH can hold around the $1,800 level.
If it can't hold, altcoins are likely to face another round of decline.
The news side is not entirely bleak either.
There are two updates from CoinDesk last night that I think are worth noting: one is that Stripe, Visa, and Mastercard are all rumored to be exploring new stablecoin platforms, indicating that traditional payment giants are still investing in on-chain settlement;
the other is that pro-crypto political funding in the US continues to have a presence in the primaries, and regulatory pressure has not completely cooled down.
So my simple understanding today is: in the short term, respect the risks and don’t rush to catch the bottom;
but in the medium term, don’t dismiss the main themes of stablecoins, payments, and compliance just because of a big red candle.
When the market is bad, it’s often better to clarify the directions where genuine funds are willing to buy in the future.