February 13, 2026, Market Analysis

Yesterday, the market initially surged to around 2000, then plummeted all the way down, with the lowest reaching 1893. The entire day exhibited a "sharp rise followed by a fall + breakdown and sharp decline" pattern. The bulls had no strength to resist, and the daily chart closed with a large bearish candle, indicating a clear short-term downtrend.

News Sentiment: Recently, hawkish expectations from the Federal Reserve have intensified, with the market betting on delayed rate cuts. The US dollar and Treasury yields have strengthened, directly suppressing the crypto market; combined with previous rapid gains and profit-taking at high levels, some institutions took the opportunity to dump, causing the market to fall quickly. Currently, there are no major positive catalysts, and the overall news sentiment is bearish, making a significant rebound unlikely in the short term.

Technical Analysis: The market broke below all short-term moving averages, with all three lines turning downward, confirming a clear bearish trend. After an oversold correction on the hourly chart, there was a slight rebound, but the strength was weak, indicating a "breather after a big fall," unlikely to reverse the downward pattern. Key levels are clear: resistance at 1950-1960 above, which will act as strong resistance if the market rebounds there; support at 1900-1910 below, an important short-term defense level, with a break below targeting 1880.

Trading Suggestions: In the short term, avoid chasing shorts or bottom-fishing. Wait for a rebound to make moves. If the rebound reaches 1950-1960, consider light short positions with a stop loss at 1980, targeting 1910-1900; if it falls back to 1900-1910, consider light long positions with a stop loss at 1880, targeting 1930-1940. Keep positions light, strictly set stop losses, and take profits quickly when volatility is high—don't be greedy.

The above is only personal advice for reference and does not constitute investment advice. Please follow Cheng Jingsheng Shi Pan's layout for specific strategies!!