LearnCrypto.io | Daily Pulse Of The Market | February 23, 2026

WyckoffSMI.com 96 LearnCrypto Powered By Wyckoff SMI 2026

Crypto markets remain under structural pressure as distributional patterns continue resolving lower across the majors. Bitcoin extended its markdown phase following a completed UTAD structure, with price now trading below prior support as supply remains dominant. Momentum gauges continue to reflect pessimism expansion, suggesting rallies are likely to be reactive rather than impulsive until meaningful demand re-enters the tape. Ethereum is mirroring similar weakness after breaking down from its own trading range, confirming a completed distribution structure. The loss of support near the SC/ST zone keeps the asset in a defensive posture. BNB likewise resolved lower out of its range, reinforcing the broader theme of sector-wide supply control as optimism readings trend lower across the complex. Near-term, the group may attempt oversold rallies, but structurally the burden of proof remains on demand to reclaim broken support zones before any sustainable trend reversal can develop.

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