Chart Analysis: BTC rebounds strongly at the beginning of the month—Is this the last long position opportunity or a trap?

The market fluctuations in early February have already posed challenges for market participants. Through careful analysis of the spot charts, we can see a clearly defined technical pattern taking shape. After the recovery from $80K to $97K, the market has formed a complex ABCDE multi-wave correction, which is the key signal currently reflected in the chart.

Trading Opportunities Revealed by the Chart Pattern

The current chart shows that the initial impulse has targeted the Fibonacci 1.414–1.618 zone, which coincides with the area where buyers are beginning to step in. From a technical perspective, several noteworthy factors are appearing simultaneously on the chart, creating a resonance condition that is uncommon in the market.

The signals on the chart indicate that the market is forming a strong bullish pattern. This is not just a simple price rebound but occurs amid multiple positive technical indicators. These include a strong bullish divergence, extreme market pessimism, and a classic capitulation sell-off—phenomena that are clearly observable on the chart.

Multi-Factor Resonance in Technical Context

Based on the chart analysis, several noteworthy factors are occurring simultaneously:

• The chart shows a strong bullish divergence signal
• The market is in an extreme panic state
• A clear capitulation sell-off has appeared
• This environment often leads to the final wave of upward movement in market history

It is under this extreme emotional and technical confluence that the current strategy should be to participate in long positions based on the pattern. However, it must be clearly understood that this could represent the last recovery opportunity before a deeper decline.

Specific Trading Plan and Asset Selection

According to chart calculations, the upward cycle should complete between February 15–19 in the $88K–92K range. This zone is both our profit-taking area and a key entry point for short positions.

For traders involved in BTC, ETH, and SOL, consider increasing individual risk to 5–7% to concentrate funds on these three main cryptocurrencies, rather than spreading too thin across other assets.

Current chart states (as of February 13):

• BTC: $66.38K, 24-hour change -1.32%
• ETH: $1.94K, 24-hour change -1.79%
• SOL: $78.55, 24-hour change -2.65%

These assets are all in the early stages of a anticipated rebound. Pay special attention to divergence—a key technical indicator—which is now signaling a potential turning point.

Execution Strategy and Risk Management

The core of this trading opportunity is that the market is once again offering participants a chance. But this is not about greed; it is based on calm chart analysis and a clear trading plan. While the chart points to upside potential, it also requires us to strictly take profits in the $88K–92K zone and then shift to a more cautious approach—trading only local fluctuations, including spot and medium-term swing trades.

The key is to make decisions based on chart signals rather than emotions, while always maintaining disciplined risk management.