Caution! After the BTC rebound, it may drop again. ETH is weak and following suit. Tonight, the real key isn’t chasing a bottom—it’s whether these two levels can be held.
1. First, let’s look at the current market. As of around 01:00 Beijing time on August 13, according to Gate.io’s publicly available spot data: BTC is around 63,656 USDT, with a 24-hour high of 64,473.5 and a low of 63,312.6; the 24-hour drop is about 0.71%. ETH is around 1,886 USDT, with a 24-hour high of 1,925.01 and a low of 1,873.38; the 24-hour drop is about 1.4%. Both are relatively weak, but ETH’s decline is larger, suggesting short-term capital is still cautious.
2. Now, let’s analyze BTC. After bouncing from around 63,300, the price briefly returned above 64,000, but it failed to hold. It has now fallen back to the 63,600 area. For the upside, first watch 63,800–64,000, with stronger resistance near the 24-hour high around 64,473. On the downside, the key is around 63,300. Here’s the question: can we just bottom-fish directly now? I think we still need confirmation.
3. For a more aggressive approach, you could watch whether BTC, when it pulls back again into the 63,300–63,500 zone, shows a quick reclaim—plus a stop-the-bleeding sign on the hourly chart. Use a small position to try a rebound. If it effectively breaks the 24-hour low, then the plan should be considered invalid. For a more conservative approach, wait for BTC to reclaim 64,000, then confirm that the retest does not break; even if you miss a segment, the direction will be clearer.
4. Next, let’s look at ETH. ETH has been falling from around 1,925. Its highest rebound so far only reached about 1,900. Now it’s back to around 1,886, clearly weaker than BTC in the short term. On the downside, first watch the support zone at 1,873–1,880. On the upside, there’s minor resistance near 1,900. Real strength requires ETH to get back above around 1,925. Until 1,900 is reclaimed, rebounds can only be treated as temporary weak “repairs.”
5. ETH’s aggressive plan is to wait for clear signs of a stop in selling around 1,873–1,880, while BTC cannot break below 63,300, then observe the rebound with a small position. The more稳健 plan is to wait for ETH to stand back above 1,900 and complete a retest confirmation. If BTC keeps weakening and ETH breaks below 1,873 as well, then don’t keep averaging down just because it has fallen “more.” Next, wait for a new support structure to form.
6. So tonight’s logic is simple: if BTC holds 63,300 and reclaims 64,000, the market has a chance to continue repairing. If ETH holds 1,873 and stands back above 1,900, the upside “catch-up” expectation will strengthen. If both coins turn bullish together, you can look at pullbacks. If both break down at the same time, control risk first. At this stage, patience matters more than trying to guess the bottom early.
1. First, let’s look at the current market. As of around 01:00 Beijing time on August 13, according to Gate.io’s publicly available spot data: BTC is around 63,656 USDT, with a 24-hour high of 64,473.5 and a low of 63,312.6; the 24-hour drop is about 0.71%. ETH is around 1,886 USDT, with a 24-hour high of 1,925.01 and a low of 1,873.38; the 24-hour drop is about 1.4%. Both are relatively weak, but ETH’s decline is larger, suggesting short-term capital is still cautious.
2. Now, let’s analyze BTC. After bouncing from around 63,300, the price briefly returned above 64,000, but it failed to hold. It has now fallen back to the 63,600 area. For the upside, first watch 63,800–64,000, with stronger resistance near the 24-hour high around 64,473. On the downside, the key is around 63,300. Here’s the question: can we just bottom-fish directly now? I think we still need confirmation.
3. For a more aggressive approach, you could watch whether BTC, when it pulls back again into the 63,300–63,500 zone, shows a quick reclaim—plus a stop-the-bleeding sign on the hourly chart. Use a small position to try a rebound. If it effectively breaks the 24-hour low, then the plan should be considered invalid. For a more conservative approach, wait for BTC to reclaim 64,000, then confirm that the retest does not break; even if you miss a segment, the direction will be clearer.
4. Next, let’s look at ETH. ETH has been falling from around 1,925. Its highest rebound so far only reached about 1,900. Now it’s back to around 1,886, clearly weaker than BTC in the short term. On the downside, first watch the support zone at 1,873–1,880. On the upside, there’s minor resistance near 1,900. Real strength requires ETH to get back above around 1,925. Until 1,900 is reclaimed, rebounds can only be treated as temporary weak “repairs.”
5. ETH’s aggressive plan is to wait for clear signs of a stop in selling around 1,873–1,880, while BTC cannot break below 63,300, then observe the rebound with a small position. The more稳健 plan is to wait for ETH to stand back above 1,900 and complete a retest confirmation. If BTC keeps weakening and ETH breaks below 1,873 as well, then don’t keep averaging down just because it has fallen “more.” Next, wait for a new support structure to form.
6. So tonight’s logic is simple: if BTC holds 63,300 and reclaims 64,000, the market has a chance to continue repairing. If ETH holds 1,873 and stands back above 1,900, the upside “catch-up” expectation will strengthen. If both coins turn bullish together, you can look at pullbacks. If both break down at the same time, control risk first. At this stage, patience matters more than trying to guess the bottom early.