May 13th Bitcoin and Ethereum Market Analysis

Bitcoin briefly dipped below $80,000 last night but quickly recovered after briefly breaking the level. During the first half of the night, it experienced a synchronized pullback influenced by the decline in U.S. stocks. The support level at $79,800 has been confirmed as effective, providing a good foundation for the bulls. Currently, long positions have been re-entered in the support zone, continuing to look toward new highs. Data shows Bitcoin’s market share has risen back to 60.5%, indicating the crypto market is entering a consolidation phase, with short-term funds likely to concentrate on Bitcoin.
Ethereum relative to 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. Without new catalysts, ETH is unlikely to see a significant rebound in the short term, and it is expected to continue its relatively weak pattern of following declines without leading gains.

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