Craig says the market did exactly what he warned about. The critical $74,000 support level broke, Bitcoin briefly retested it, and then fell straight through the next major support zone around $65,000. For Craig, this is why he focuses on trend-following rather than trying to pick exact tops and bottoms. He wasn’t trying to sell the high or buy the low. The opportunity was the move between $74,000 and $65,000, and that move played out almost exactly as expected.
Looking at the charts, Craig believes the technical picture remains firmly bearish. On the weekly timeframe, Bitcoin has now established a clear lower high and a new lower low. On the monthly chart, the structure has also shifted into a downtrend after breaking major support. In his view, both timeframes are now pointing in the same direction, and that direction remains lower. He is not calling for an immediate collapse, but he does believe there is a high probability that Bitcoin has further downside ahead before a durable bottom is established.
That said, Craig is already thinking about where he wants to become a buyer again. His preferred accumulation zone sits between roughly $50,000 and $55,000, with even stronger interest if Bitcoin were to fall toward the mid-$40,000 range. Historically, Craig prefers buying during the quiet, boring periods when most traders have lost interest and volatility has disappeared. Those are the environments where he has built some of his best long-term positions.
In the short term, however, he 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 price snaps back into old support-turned-resistance and reconnects with key moving averages. If that happens, Craig will view it as a pullback within a larger downtrend rather than evidence of a new bull market.
Across the broader crypto market, Craig sees the same pattern repeating. Ethereum, Cardano, Solana, and Bitcoin Cash continue showing strong bearish structures with lower highs and lower lows. Cardano in particular delivered one of the cleaner short setups from his trading system, helping produce what he described as an exceptional week for traders who stayed aligned with the trend. For now, his focus remains on identifying pullbacks and looking for opportunities to rejoin downside momentum rather than trying to catch falling knives.
Craig also highlighted two free resources he uses daily. Market Intern helps traders quickly identify trend direction across multiple timeframes and includes a free position-sizing calculator, while The Grow Me Co. newsletter provides his ongoing market analysis and alerts about when he plans to begin accumulating Bitcoin again. For traders trying to navigate volatile conditions, his message remains simple: follow the trend, manage risk, and let the market tell you what comes next.
Check Craig out at:
Market Intern: https://marketintern.com/
The Grow Me Co: https://www.thegrowmeco.com/
