Craig opened the week with something that might surprise people. He’s feeling good. Not because price is up. Not because the trend is strong. But because if the next leg down happens the way he thinks it might, it could set up a very powerful upside phase later.
He’s watching the S&P 500 closely. On the monthly, he sees overextension and convergence toward potential downside. Nothing dramatic yet, but structurally it looks due for a pullback at some stage. If the S&P corrects 10 percent or more, Craig believes Bitcoin could see a much larger drop alongside it. And that, in his view, would be an opportunity.
He’s already in cash. He exited when the monthly higher low broke months ago and has been clear about that. Now he’s hoping for lower prices. He’d happily buy Bitcoin at $55,000. He’d love $50,000. If a sharp flush takes it even lower intraday, he’d be even happier. Not because he’s bearish long term, but because he believes the next major upside wave, when it comes, could be very strong given institutional positioning and capital depth.
On the daily timeframe, Bitcoin is back in a clear downtrend: lower high, lower high, lower low. That’s structure. In bear markets, Craig reminds people, we often see consolidation followed by sharp legs down. Today’s drop was meaningful, but he’d rather see continuation and “rip the bandaid off” than drag this out.
Ethereum looks weaker. Lower high, lower low, and the $1,900 region is under pressure. He can see a path toward $1,500 or lower if momentum continues. Across the top ten, most majors show the same pattern: lower highs and lower lows. Tron remains the one outlier still technically uptrending, though even that has shown hesitation.
Because of that structure, Craig’s directional bias for the week is to the short side. He’s not forcing trades. He’s scanning daily with his process, being selective, and only taking what fits his checklist. The market is weak. That is the read.
Meanwhile, S&P futures are already trading lower pre-market. If that key support breaks and equities begin correcting, expect crypto volatility to expand. And if that expansion comes to the downside, Craig is prepared. Cash is a position. And if the flush arrives, he plans to load back up.
The tone isn’t panic. It’s preparation.
