₿ Ξ 🔶 LearnCrypto.io Daily Pulse of the Market – Crypto
Powered by Wyckoff SMI
March 18, 2026
🌍 Market Overview
The crypto market has experienced a sharp downside reaction, validating the warning signs that were building earlier in the week. As we noted in Sunday’s report, the Bitcoin Technometer moving above 50 historically signals exhaustion, and that condition triggered Monday near $75,600 — marking a high-probability warning for an impending selloff.
Since that signal, the market has responded accordingly, with supply reasserting control across major assets. Current price behavior suggests the market is now transitioning back into weak structural conditions, with rallies likely to encounter overhead resistance unless demand can meaningfully expand.
₿ Bitcoin
Bitcoin continues to confirm the distribution-to-markdown sequence that followed the prior UTAD and LPSY structure. The recent rally attempt has stalled beneath resistance, and price has rotated lower after failing to reclaim prior support levels.
The Technometer signal above 50 earlier this week proved highly effective, aligning with prior historical tops and reinforcing the reliability of this indicator within the Wyckoff framework. Current price action shows Bitcoin attempting to stabilize after the decline, but the structure remains fragile.
Key resistance is now defined near 73,000–75,000, while support sits in the 65,000–68,000 region. Until price can reclaim resistance with expanding demand, rallies are likely to be corrective in nature.
Ξ Ethereum
Ethereum is showing a similar pattern, with a failed rally into resistance followed by renewed weakness. After forming a trading range with a Selling Climax and Secondary Test, price attempted to move higher but was rejected near the upper boundary of the range.
The subsequent decline reinforces the presence of overhead supply, and Ethereum is now trading back near the lower portion of its structure. While minor stabilization is occurring, the market has yet to demonstrate the type of demand expansion required for a bullish phase transition.
Resistance remains near 2,300–2,400, while support is located near 1,800–2,000.
🔶 Binance Coin
BNB continues to exhibit relative weakness, remaining below its prior support structure after a breakdown earlier in the cycle. Recent price action shows a modest rally attempt, but the move appears corrective and is occurring within a broader downtrend context.
The structure suggests that BNB is still in a markdown or redistribution phase, with price unable to reclaim prior resistance near the 700–750 zone. Demand has begun to appear near the lows, but it remains insufficient to shift the broader trend.
Support remains near 600–620, while resistance continues to cap upside attempts.
🔄 Sector Relative Strength
Across the broader crypto landscape, relative strength remains concentrated in large-cap assets, but even these leaders are now showing signs of fatigue following the recent selloff. The failure of rallies across Bitcoin and Ethereum indicates that capital is not yet rotating aggressively into higher-risk altcoin sectors.
This environment typically reflects a risk-off phase, where institutional participants are either distributing or waiting for clearer accumulation structures to develop. Strong sector leadership is unlikely to emerge until the market can establish firmer support and demonstrate sustained demand.
🧠 Wyckoff Market Pulse Summary
The crypto market has reacted precisely as expected following the Technometer warning signal, transitioning into a corrective phase after signs of exhaustion at higher levels. Current structure suggests that supply remains in control, and the market is still searching for a stable base.
Until we see successful tests of support followed by expanding demand, the environment remains cautious. Traders should remain patient and focused on identifying true accumulation signals rather than chasing short-term rallies.
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Disclaimer
This report is for educational and informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and involve significant risk. Always conduct your own research and consult with a qualified financial professional before making investment decisions.
