Bitcoin and Ethereum Evening Trading Recommendations and Future Trend Analysis: February 16th - The current market is showing a clear downward trend, with technical indicators displaying strong bearish signals, especially the bearish engulfing candlestick pattern, suggesting a potential bearish reversal. Although short-term moving averages are trending upwards, the price has broken through multiple key support levels, forming a bearish trend. There are conflicting signals, and the market may face further downside risks in the short term. Meanwhile, the external environment is neutral, and market sentiment is complex. Despite positive signals of whale fund inflows, Bitcoin outflows and fraudulent events have triggered market concerns, resulting in a mixed bullish and bearish sentiment, further exacerbating market uncertainty. Given that the current market is in a clear downward trend (major premise) and the bearish engulfing candlestick pattern indicates a potential bearish reversal (minor premise), an aggressive strategy of shorting near resistance levels is a high-probability choice that aligns with the current trend and has clear confirmation signals (conclusion). Trading Recommendations: Bitcoin: Short around 70000-70500, target 69000-68500; Ethereum: Short around 2030-2050, target 1950-1900.
Bitcoin and Ethereum Evening Trading Recommendations and Future Trend Analysis: 2/16
2026-02-16 13:22:45
Share
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
About MyToken:https://www.mytokencap.com/en/aboutusArticle Link:https://www.mytokencap.com/en/choicenews/3029121.html