Craig’s not getting sucked in by a single green candle. Yeah, Bitcoin finally put in a strong week, up over 10%, but to him, that’s just one candle. That’s not a trend. And more importantly, it’s happening right into a level that already matters — old resistance turned support, now acting as resistance again. That same level also lines up with where the monthly trend broke. So this isn’t strength. This is a test.

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From his perspective, nothing structurally has changed. The monthly trend is gone, and the highest timeframe he can rely on right now is the weekly — and that’s still a downtrend. Lower high, lower low. That’s the only thing that matters. Until that changes, he’s not interested in chasing upside.

Could Bitcoin push higher from here? Sure. He even says $82K or higher isn’t out of the question. But that doesn’t mean he’s buying. In his system, rallies into resistance inside a downtrend are not opportunities to get long — they’re setups for pullbacks. And that’s exactly how he’s treating this move.

Right now, Bitcoin is sitting in what he calls the “cradle zone,” where he’s built his trading career. This is where decisions get made. Either price breaks through with real momentum, or it rolls over and continues the downtrend. And until one of those happens cleanly, he’s waiting.

Short-term, he’s only seeing real opportunity on lower timeframes — quick, high-liquidity trades where you can get in and out fast. The bigger picture still isn’t clean enough to commit capital in a meaningful way. It either needs to break higher and prove it, or sell off hard and create a real opportunity.

Until then, nothing has changed. One green week doesn’t fix a broken structure.

Happy HODLing

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CRAIG COBB: BITCOIN STILL FAILING WHERE IT MATTERS