Craig says the market did exactly what he warned about last week. Bitcoin broke below the critical $74,000 support level, briefly retested it, and then sliced straight through $65,000 in a matter of days. For Craig, this is precisely why he focuses on trend-following rather than trying to pick tops and bottoms. The move from $74,000 to $65,000 was the opportunity he was targeting, and now the market has confirmed a new lower low on both the weekly and monthly timeframes.
Looking at the bigger picture, Craig believes Bitcoin remains firmly in a downtrend. The weekly chart has now established a clear lower high and lower low, while the monthly chart has also shifted into bearish territory after breaking key support. In his view, the technical structure remains intact and continues pointing toward additional downside. He is not trying to predict the exact bottom, but he does believe there is a high probability that Bitcoin trades lower before this cycle is finished.
That said, Craig is already thinking about where he wants to become a buyer again. His ideal accumulation zone sits roughly between $50,000 and $55,000, with even more aggressive buying interest if Bitcoin were to reach the mid-$40,000 range. Rather than rushing into the market, he prefers the quiet periods when volatility fades, headlines disappear, and most participants lose interest. Historically, those have been the environments where he has built long-term positions.
In the short term, however, Craig believes Bitcoin is becoming stretched to the downside. After such a sharp decline, he would not be surprised to see a relief rally back toward $65,000 as the market snaps back into old support-turned-resistance levels and reconnects with key moving averages. Any rally, however, would currently be viewed as a pullback within a broader downtrend rather than evidence of a new bull market.
Across the rest of the crypto market, Craig sees similar conditions. Ethereum, Cardano, Solana, and Bitcoin Cash all continue to show strong bearish momentum, with many assets producing the lower highs and lower lows that trend traders look for. Cardano in particular delivered one of the cleaner short setups from his trading methodology, contributing to what he described as an exceptionally strong week for traders following the trend.
For now, Craig’s bias remains unchanged: trade with the trend, remain patient, and avoid trying to catch falling knives. While he expects volatility to remain elevated, he believes the best opportunities continue to be on the short side until the market proves otherwise. He also pointed readers toward both Market Intern and The Grow Me Co., where he shares free market analysis, risk-management tools, trade sizing calculators, and updates on when he plans to begin accumulating Bitcoin again.
Check Craig out at:
Market Intern: https://marketintern.com/
The Grow Me Co: https://www.thegrowmeco.com/
