Bitcoin started the week with renewed pressure on both the short-term and overall charts. One chart shows the price still trading below the descending resistance line, while another highlights a new CME gap above current levels, and traders’ focus is on: $BTC Either you can recover or you will remain stuck below the main pressure zone.
Bitcoin Downtrend Claim Fits into a Well-Known Pattern
Ted Pillows argues that Bitcoin is still trending lower and that this rally is a bullish trap. The chart shows short-term weakness. However, it also shows a pattern seen in past cycles.
Bitcoin/USD monthly chart. sauce: TradingView/Ted Pillows on X
Each cycle, Bitcoin fell to a downtrend line after the peak. Then we broke through that line, retested the critical level, and moved to a higher level. Marked circles indicate those retests. Therefore, the current structure is not independent of previous modifications.
Still, the bearish case remains alive in the latest section. Price remains below the descending resistance line on the right side of the chart. The downtrend argument will remain valid in the short term until Bitcoin breaks out of that structure.
Still, the broader chart does not fully support the bull trap call. The larger structure still looks like a correction within a long-term uptrend rather than a clear trend failure.
Watch for early-week volatility due to new Bitcoin CME gap
Daan Crypto Trades notes that a new CME gap has appeared in Bitcoin futures after the weekend move. According to the chart, CME futures have resumed well below Friday’s close, leaving untraded territory between about $74,900 and $77,500. The gap formed as stock futures prices opened lower while oil prices rose following weekend headlines.
Bitcoin CME futures 1 hour chart. sauce: TradingView/Daan cryptocurrency trading takes place on X
Setting the CME gap is important because it often serves as a short-term reference zone for traders. In this case, Bitcoin futures rose significantly before the close before resuming near $74,400. As a result, there is currently a large overhead gap in the market that could act as a magnet if prices start to recover. At the same time, this is also a zone where sellers may intervene if the rebound weakens.
So far, the chart shows a weak recovery rather than a strong follow-through. Prices have rebounded slightly after the dip, but are still well below the gap range. Therefore, short-term structure suggests caution. Bitcoin currently entered the week with a clear technical imbalance above the current price on the back of macro pressures. If momentum improves, traders will likely $BTC Start moving into that gap. Otherwise, lower reopening levels may continue to define the near-term tone.
