After-hours market index analysis｜2026.08.11｜Market data as of 23:08

My view is that tonight the market index is still in a range-bound consolidation after the decline. It’s now closer to a support test rather than a confirmed new round of upside. BTC is down -1.30% over the past 24 hours, with the current price at 63,820—near the lower end of the 63,708 to 64,709 range. ETH is down -0.72%, with the current price at 1,877—around the lower half of the 1,868 to 1,898 range. This means ETH’s relative resilience isn’t enough to change the broader market direction, because neither has reclaimed its overhead resistance.

BTC’s trading volume over the past 24 hours is about 269 million. The current 1-hour, 4-hour, and daily charts are all in consolidation, and short-term follow-through has not yet received confirmation from a larger timeframe trend. 63,750 is near-term support, and 63,708 is intraday strong support. Only if price holds this area will there be a chance first to reclaim 63,860, and then push toward 64,500 to 64,709. If 63,708 breaks and the price cannot quickly recover, the current “buy-the-dip” logic will fail, and the lower end of the range will shift from support to a new resistance.

ETH’s trading volume over the past 24 hours is about 145 million. Its 1-hour, 4-hour, and daily charts are all also ranging: around 1873 is near-term support and absorption, while 1868 is a strong support. To move upward, it first needs to hold above 1878, then break 1898 to confirm the transition from bottoming out to repair. Although ETH is more resilient than BTC, right now it’s only declining less and has not formed an independent trend. Therefore, you can’t rely solely on relative strength to adjust the market’s risk appetite.

The two are currently synchronized and ranging, with some weak differentiation: BTC is closer to the 24-hour lows, while ETH is relatively more resilient, but both are constrained by overhead resistance. This setup is more likely to produce localized rebounds rather than a broad, full-on altcoin spread. If BTC first recovers 63860, it only indicates short-term stabilization; for ETH, unless it can hold 1898 in sync, there is still no capital “convergence.” Only when both break through the strong overhead resistance together and market breadth improves will there be a credible price foundation.

Next, prioritize monitoring whether support can remain effective on the next 4-hour candlestick. If BTC holds 63708 and ETH holds 1868, the main path is still to buy near the lower end of the range. If BTC returns above 64500 and ETH holds 1898, then the repair phase will be upgraded. If either core asset fails to hold strong support, reduce risk. If both fail at the same time, that confirms the current view is invalid, and altcoin positions should shift to defense.

Current strategy is locked.

BTC long: enter 63720—63820, stop-loss 63320, first take-profit 64500, second take-profit 65050. ETH long: enter 1868—1876, stop-loss 1848, first take-profit 1910, second take-profit 1940. Don’t chase if you didn’t enter within the planned range; the strategy only becomes effective after this period’s publicly released updates are successfully posted, and it terminates when the next period’s public evening session update is successfully posted.