Crypto-常山赵子龙|Feb 20, 2026 07:41
BTC ETH
Let's analyze the current market trend:
On February 8th, it was already pointed out that the market had entered a consolidation phase. The final consolidation high was 723, followed by a pullback. Currently, around 65, the first wave of consolidation at the bottom after the trend ended has formed.
So now, you need to play according to the rules of a consolidation market. When it drops, dare to go long; when it rises, dare to short. Avoid chasing highs and selling lows. The core of the consolidation phase is to buy low and sell high. The tricky part is determining the low and high points of the consolidation.
I’ve previously shared in detail a set of consolidation indicators, including the long-short ratio and position data. Later, I added the spot leverage long-short ratio. Based on its performance over the past six months, this data also qualifies as a consolidation indicator. Additionally, combining it with the premium and funding rates from Big B Exchange can basically pinpoint the bottom and top of the consolidation. During the mid-phase of consolidation, there will be one strong surge or a second test of the trend, but there will only be one. You should also have a psychological expectation for this.
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