After another week of chop and indecision, Bitcoin closed its weekly candle below our pivotal $69k support level once again. There are clear signs of accumulation here between that support level and the 200W moving average, but the less time we spend in this region the better. It’s nice to see that Bitcoin is trading above $69k at the time of writing, but what really matters is closing a weekly candle above it to solidify some real signs of strength.

Market sentiment is still extremely fearful. We have now been in extreme fear for just over a month and investors have become very pessimistic about the remainder of 2026. This is the necessary backdrop for a strong relief rally. During times of extreme fear, most investors can’t imagine a bullish outcome the same way they can’t imagine a bearish one during extreme greed. This is why relying on a system over our emotions is so important.

The GLI remained relatively flat over the past week. As of right now it is pointing to a relief rally into late April, but it is too early to tell what will come after that. Many investors are convinced that we will see tightening liquidity conditions like recent midterm years, but that is not what we are seeing in the data so far. It will be interesting to see whether The GLI continues its upward trajectory or starts to decline over the next few months.

We will be receiving an update to the FED’s preferred measure of employment, the unemployment rate, on Friday, March 6th. Investors will be monitoring this print closely to see if the labor market will continue its trend of slowly weakening or if some bigger cracks start to show. This print will likely have a big impact on rate cut expectations for the remainder of 2026.

Bitcoin is still in the “Cheap” region. It’s nice to see that investors have started accumulating in this price area. The alignment of the old all time high, 8-month consolidation in 2024 and 200W moving average make this a really tempting place to accumulate. There is a decent chance price goes to the “Very Cheap” region later in 2026, but it isn’t guaranteed. That’s likely why many investors have begun accumulating in this area.

I bought more Bitcoin this morning. It was pretty difficult to do because the market bounced about 5%+ before I made the purchase, but the purpose of DCA is to end up with an average price I am happy with. Sometimes the DCA will occur right after a selloff like last week and sometimes it will occur right after a bounce like this week. Ignoring that short-term noise and focusing on the long-term makes following my plan much easier.

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 entire portfolio 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. 🤝