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Gu Jingci: Bitcoin/Ethereum long positions were successfully initiated in the morning session on February 16th. A pullback now presents an opportunity to enter long positions again.

2026-02-16 13:55:36
Shareshare
The long positions in Bitcoin/Ethereum, initiated in the morning around 68000-68500 and 1930-1950, successfully gained significant profit as the price rallied above 70000 and 2020 in the evening. Currently, the market has retraced somewhat, remaining in a narrowing range over the past few days, suggesting an imminent trend reversal. The 4-hour chart shows recent candlesticks with small bodies and long upper and lower shadows, indicating hesitation and contention between bulls and bears at lower levels, but with insufficient upward momentum and limited downside potential. The daily chart shows a large bearish candle with a long lower shadow and high volume, indicating strong selling pressure, but the long lower shadow also suggests some buying support below. On the 4-hour chart, both the DIF and DEA lines are below the zero line, with the DIF line continuously crossing below the DEA line. The MACD histogram is negative and expanding, indicating a clear downtrend with strong bearish momentum. The recent contraction in trading volume on the 4-hour candlestick chart indicates that after a significant drop, the market has entered a period of observation and consolidation, with both bullish and bearish forces weakening. Evening and early morning trading recommendations: Buy Bitcoin around 67800-68300, with a target of 70000-71000; Buy Ethereum around 1950-1970, with a target of 2050-2100. Daily analysis and strategies have a high win rate and are available for viewing. However, these analyses and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.
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