₿ Ξ 🔶 LearnCrypto.io | Daily Pulse Of The Market | March 4, 2026 Bitcoin (BTC), Ethereum (ETH), OriginTrail (TRAC)

Bitcoin (BTC) Bitcoin remains in a well-defined Wyckoff markdown phase following the distribution that formed during the summer and early fall. The rally into the UTAD marked the final exhaustion of demand, after which price broke down sharply with a Sign of Weakness (SOW) and subsequent Last Point of Supply (LPSY) confirming institutional distribution. Since that breakdown, BTC has continued to trend lower, recently slicing through the $80k support zone that had developed during the brief trading range earlier this year. The breakdown from that range produced another wave of downside momentum, pushing price toward the mid-$60k area, where the market is currently attempting to stabilize. From a Wyckoff standpoint, the structure remains bearish until proven otherwise. The recent decline occurred on expanding volume, suggesting continued supply pressure. The Optimism–Pessimism Index continues to trend downward, confirming persistent pessimism across the broader crypto market. Meanwhile, the Wyckoff Force Index has begun stabilizing after a sharp downside impulse, which may allow for a short-term oversold rally. The Wyckoff Technometer is currently near the lower portion of its range, indicating the market is approaching oversold conditions but not yet at an extreme level. In the near term, Bitcoin could experience a reaction rally back toward the $75k–$80k resistance area, which would likely serve as another LPSY within the ongoing markdown if supply reappears. Ethereum (ETH) Ethereum continues to show a structure very similar to Bitcoin, though the weakness has been somewhat more pronounced. Following a major breakdown from the $4,000 distribution zone, ETH entered a prolonged decline that culminated in a Selling Climax (SC) late last year. The rally that followed produced an Automatic Rally (AR), establishing the upper boundary of a new trading range, while the subsequent pullback formed a Secondary Test (ST) near the climactic lows. However, Ethereum was unable to sustain demand inside that range. Price recently broke down through the support boundary, confirming a Sign of Weakness and transitioning the market back into markdown. ETH is now trading near $2,000, approaching a potential demand area near $1,700–$1,800, which may serve as the next support zone. The Optimism–Pessimism Index continues trending downward, reflecting growing pessimism among participants. The Force Index has shown a slight recovery after the most recent decline, suggesting selling pressure may be temporarily easing. The Technometer, however, remains in the lower half of its range, indicating the market is not yet deeply oversold. Until Ethereum can reclaim the former trading range near $2,800–$3,000, rallies should be viewed cautiously as potential short-covering reactions within a broader downtrend. OriginTrail (TRAC) OriginTrail continues to trade within a large multi-month trading range that has developed between roughly $0.30 support and $0.50 resistance. Earlier rallies into the upper boundary of this range were repeatedly rejected, suggesting the presence of supply near the $0.50 level, which has acted as a major resistance zone. Price has recently declined back toward the lower boundary of the range, where TRAC is currently attempting to stabilize just above $0.30 support. This area represents a critical level from a Wyckoff perspective. If demand emerges here, the structure could evolve into a Spring or accumulation test, potentially leading to another rally toward the upper boundary of the range. The Optimism–Pessimism Index continues to trend lower, indicating sentiment remains weak across the broader crypto market. Despite this, the Wyckoff Force Index has stabilized and even begun to turn slightly higher, hinting that selling pressure may be diminishing. Meanwhile, the Technometer has reached the upper portion of its range following several oversold readings in recent months, suggesting the market may be attempting to build momentum off support. For now, TRAC remains range-bound, with traders watching closely to see whether the $0.30 support level holds. A successful defense of this area could lead to another advance toward $0.45–$0.50 resistance, while a breakdown would likely signal a new markdown phase.

Bottom Line The broader crypto market continues to reflect the effects of last year’s distribution phases. Bitcoin and Ethereum remain in confirmed markdown trends, though both are approaching levels where short-term oversold rallies could develop. OriginTrail, by contrast, remains inside a large trading range, and its next move will likely depend on whether support near $0.30 can hold. For now, the market environment remains defensive, with rallies likely to encounter supply until stronger accumulation structures begin to emerge. http://LearnCrypto.io – Disclosure This report is provided for educational and informational purposes only and should not be considered financial or investment advice. Cryptocurrency and digital asset markets are highly volatile and involve substantial risk, including the possible loss of principal. Past performance is not indicative of future results. The analysis presented reflects the opinions of the author based on Wyckoff methodology, technical analysis, and proprietary indicators, and such opinions may change without notice. Readers should conduct their own research and consult with a qualified financial professional before making any investment decisions. The author, http://LearnCrypto.io, Wyckoff Stock Market Institute, and affiliated entities may hold positions in the assets discussed and may buy or sell such assets without notice.