2026-02-16 00:12:45

2.16 Bitcoin Daily Recommendations

Today is a holiday, with the US stock market closed. Overall market trading is light, and volatility is limited. It’s difficult to see a major trend emerge in the short term. The approach should be to rest, observe, and trade cautiously with small positions, avoiding impulsive entries.

Currently, the market favors the bears, with a weak momentum. Long positions carry higher risk, so avoid chasing highs. The intra-day strategy should focus on shorting rebounds, strictly controlling position sizes and stop-loss levels.

• Resistance level above: Watch around 69,500
• Support level below: Watch around 68,000; if broken and stabilized, further downside is possible

During the holiday, small positions are key. Observe more, trade less, and protecting profits is more important than forcing trades.

BTC0,27%

ETH2,18%

SOL0,63%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.