After another week of impressive resilience, Bitcoin closed its weekly candle just under $73k. This means that Bitcoin closed back above our major pivot level of $69k. Bitcoin continues to show impressive strength even with all the geopolitical uncertainty impacting traditional markets. Now we just want to see Bitcoin maintain above $69k so that we can head higher and continue our relief rally.

Market sentiment has returned to Neutral. This is pretty surprising given the Extreme Fear we are seeing in traditional markets, but we continue to see more and more evidence that there aren’t many sellers left in this asset class. We don’t want to get too optimistic too quickly, but this recent strength is a great sign for what’s to come if it can be maintained.

The GLI continues to decline thanks to the recent strength in the US Dollar. According to our ~75 day lag, this will begin to negatively impact Bitcoin in early May. Our window for a strong relief rally is shrinking so we want to see it happen sooner rather than later. The longer this geopolitical situation continues, the higher the likelihood that we have a bumpy ride ahead for the remainder of 2026.

We will be hearing from Powell on Wednesday, March 18th, at the upcoming FOMC meeting. Market participants will be watching the press conference closely to see if the current expectation of one rate cut over the next 12 months is accurate. If Powell’s commentary is hawkish, that could result in even less rate cuts being priced in and a stronger US Dollar. If Powell’s commentary is less hawkish than expected, that would likely result in more rate cuts being priced in and a weaker dollar. The path of FED monetary policy over the next few months is incredibly important for liquidity and markets.

Bitcoin is still in the “Cheap” region. We keep seeing strong signs of accumulation at these prices and I do expect to be happy with my purchases in this region in the long-term. I’m sure most investors have lost money over the past few weeks trying to trade this very choppy price action or by relying on their emotions to decide when to buy or sell. That approach is a great way to increase stress levels and lose money. Relying on a well thought out strategy and system is a much better way to navigate markets.

I sold some Solana this morning. My Solana position was larger than I wanted it to be relative to my Ethereum and Bitcoin positions and my cash was below target so I used this week as an opportunity to get my allocations back to where I want them to be. I feel very well positioned for whatever the remainder of 2026 has in store. All that’s left to do now is patiently wait to see what the market decides to do.

P.S. If you made it to the end of this report, thank you for reading and I hope you got some value from it. If you’d like to view my exact portfolio changes, my entire portfolio outside of just crypto and would like to learn more about my Portfolio Automation System, checkout the Crypto Enjoyers program and community. You can learn more about it here:

I hope you have an amazing week and the future looks bright. 🤝