According to BlockBeats, on August 13, top trader Eugene Ng Ah Sio said on social media that the current market price trend is similar to that in March 2022 or August 2023. However, investors should choose their own bullish direction.

According to Bitcoin's historical price data, Bitcoin rebounded to the highest point below the top in March 2022, and then started a unilateral decline in April. In August 2023, Bitcoin fell rapidly in mid-month, and then briefly consolidated before starting a unilateral rise.