The last long before correction: analysis of the formation on BTC, ETH, and SOL

February’s start brought active movements to the market that deserve close attention. Against the current backdrop, clear signals for long positions are emerging, but with a firm understanding that this could be the final stage of a recovery move before a more serious downward correction. The main crypto assets BTC, ETH, and SOL are generating signals of interest that require immediate analysis.

Formation Pattern: From Recovery to Reversal

After rebounding from the $80k level to $97k, the market entered a complex correction phase. Charts clearly show a pronounced five-wave corrective formation ABCDE, indicating the depth and structure of the current correction. The subsequent movement showed the first upward impulse, pushing the price directly into the key resistance zone of 1.414–1.618 on Fibonacci levels. Active buying appeared in this zone, creating a potential base for further growth.

The current situation is unique in that several factors align into a single picture:

• The obvious technical correction has ended, creating conditions for a rebound
• Fibonacci levels coincide with demand zones
• On short timeframes, a final phase of downward movement is visible

Bullish Divergence and Market Capitulation as Signals

The technical picture is complicated by the appearance of a pronounced bullish divergence, which provides one of the most reliable signals of a possible reversal. Special attention should be paid to divergence, as it indicates that the current decline is occurring amid increasing buying pressure.

Against the backdrop of negative news and overall market fear, signs of retail investor capitulation are observed. Paradoxically, it is often during such moments that the market prepares for a final push upward — acting as a psychological pattern where most close losing positions, opening the way for a recovery move.

Long Position Strategy with a Clear Exit Plan

The current scenario involves building long positions based on this formation, but with full awareness of the risks. Current quotes show:

• BTC: $69.76K (+4.65% in 24 hours)
• ETH: $2.08K (+6.39% in 24 hours)
• SOL: $86.25 (+8.18% in 24 hours)

For traders actively trading BTC, ETH, and SOL, it is recommended to allow for a risk increase of 5–7% per trade. This will enable focusing on the main instruments instead of dispersing capital across alternative tokens.

The expected completion of the growth phase is around February 15–19, when BTC price should reach the target zone of $88–92k. This area becomes a critical point for dual purposes:

1. Locking in profits on all open long positions
2. Finding entry points for short scenarios for the next downward phase

Cold Head Instead of Emotional Trading

After reaching these levels, the market will shift to trading local fluctuations, both in spot and medium-term swing positions. Fully exiting main positions will be an essential risk management step for long-term control.

The last long is not about increasing greed but about disciplined planning and strict adherence to risk management principles. The market offers one more chance, but only to those capable of staying calm and following a pre-developed action plan.