February 14, 2026

The market has rebounded a bit. This is how this situation works, as it is basically going through a stage of bottoming. However, the daily level of the second bottom test has not been officially completed, so it is unlikely to rise immediately. As for whether the 60,000 large pancake is the support at this bottom, it is still too early to judge.

According to historical patterns, a 60,000 large pancake is basically not the lowest point of this round of bear market, as time does not stand on the side of the bulls. There is still a bottoming process that will last at least another six months, and the probability of continuing to decline is very high. After all, for a bear market, there is a lack of liquidity, and previous risks will be concentrated. Once there is a bigger explosion, it will trigger a new round of decline.

Although I am bearish, I no longer recommend shorting, and in terms of position, I actually started to lean bullish. Besides the fact that I was previously caught in passive bottom fishing, another reason is that I am a left-side trader; I am used to accumulating more shares during the decline. My mindset is that I don't like to chase prices up but prefer to bottom fish during a drop. The benefit of this approach is that I can acquire shares, but the downside is that I will definitely be trapped.

After this wave of decline, I still have a strong feeling about the market's phase rebound, and I have also prepared to appropriately reduce my position during the rebound. Generally speaking, the limit of sentiment is also the limit of the market. Judging by the public's attitude towards cryptocurrencies, after the market stops declining, it will initiate a small cycle level rebound.

Thank you for your attention and likes.