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Gu Jingci: Hold long positions in Bitcoin/Ethereum on the pullback on February 16th and wait for the price to rise.

2026-02-16 01:09:43
Shareshare
After Bitcoin/Ethereum rallied to around 70500 and 2095, several short positions were initiated. However, last night, when the price dipped below 2000 and 68800, long positions were initiated on pullbacks. Considering Bitcoin's overall strong trend, the fact that 68000 was not broken, and that Ethereum did not experience significant losses, and that the price stabilized after dipping to around 68000 and 1930 in the evening and early morning, reaching support levels from previous dips, these positions are still being held. Currently, the market is experiencing a slight rebound, and while overall sentiment remains fragile, some positive signals are emerging. The hourly and four-hour charts have also shown signs of stabilization. The trend remains focused on buying on pullbacks above support levels, with the shift between bullish and bearish sentiment being particularly important, just as we previously advised buying at 66000 and 1940, and shorting at 70500 and 2095. Trading recommendations: Buy Bitcoin around 68,000 to 68,500, with a target of 70,000 to 71,000; Buy Ethereum around 1,930 to 1,950, with a target of 2,050 to 2,100.
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