Four Weeks Up… But Is This Still a Downtrend?

Craig says Bitcoin is at another critical inflection point after a strong four-week run to the upside, something he hasn’t seen since a true bull phase. Despite the bullish momentum, he’s not convinced this is a full trend reversal. From his perspective, this could still be a rally inside a broader weekly downtrend, especially given the recent sharp sell-off and reappearance of volatile, erratic candles that resemble prior periods of market instability.

He points out that while price action looks strong on lower timeframes, the bigger picture remains mixed. A single strong monthly bounce after five consecutive down months doesn’t automatically signal a new bull market. Across the rest of the market, most major assets like Ethereum, Solana, and XRP are still moving sideways or showing weak structure, with very little convincing upside momentum.

Craig emphasizes the importance of watching key levels this week, particularly around $76,900 and $74,000. If those levels break, it could quickly shift sentiment back toward downside. His message is straightforward: don’t get caught up in short-term bullishness. Zoom out, watch the structure, and let the market confirm whether this is a real reversal or just another temporary rally before the next move.

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