May 13th Bitcoin and Ethereum Market Analysis

Bitcoin briefly dipped below $80,000 last night but quickly recovered after. During the first half of the night, it experienced a synchronized pullback due to the decline in U.S. stocks. The support level at $79,800 was confirmed as effective, providing a good foundation for the bulls. Currently, it has re-entered the support zone with long positions, continuing to look toward new highs. Data shows Bitcoin’s market share has risen back to 60.5%, indicating the crypto market will enter a consolidation phase, with funds likely to focus on Bitcoin in the short term.
Ethereum’s exchange rate against Bitcoin (ETH/BTC) continues to decline, reflecting a clear weakening of market preference for ETH. Due to the lack of strong narrative drivers—such as on-chain hot topics, staking innovations, or ecosystem breakthroughs—funds find it difficult to flow in continuously. Until new catalysts appear, ETH is unlikely to see a significant rebound in the short term, and it is expected to maintain a relatively weak pattern of following declines without leading gains.

Trading Suggestions:
Pullback to $78,800 to $79,800, buy in batches