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Bitcoin began the week under renewed pressure on both short-term and broader technical charts. One view shows price still trading below a falling resistance line, while another highlights a new CME gap above current levels—shifting trader focus to whether BTC can recover or remains trapped under key pressure zones.
Ted Pillows said Bitcoin remains in a downtrend and that the rally could be a bull trap. The short-term chart points to weakness, but it also resembles a pattern seen in prior cycles.
In earlier cycles, Bitcoin fell below a descending trendline after a peak. It then broke back above that line, retested a key level, and moved higher. The chart’s marked circles indicate those retest points, suggesting the current structure may not be fundamentally different from previous corrections.
Still, the most recent segment keeps the bearish case active. Price remains under a descending resistance line on the right side of the chart. Until Bitcoin breaks above that structure, the downtrend argument remains valid for the short term.
However, the broader chart does not fully support the bull trap conclusion. The larger structure appears more consistent with a correction within a long-term uptrend rather than a clear trend failure.
Daan Crypto Trades pointed to a new CME gap on Bitcoin futures following the weekend move. The chart indicates CME futures reopened well below Friday’s close, leaving an untraded area between roughly $74,900 and $77,500.
The gap reportedly formed as stock futures opened lower while oil moved higher after weekend headlines. Traders often treat CME gaps as short-term reference zones, and in this case the futures reopened near $74,400 after trading much higher before the close.
That creates a wide overhead gap that could act as a “magnet” if price begins recovering. At the same time, it also marks a zone where sellers may step in if a bounce loses strength.
So far, the recovery appears weak rather than showing strong follow-through. After the open, price bounced slightly, but it remains far below the gap range. The near-term technical picture therefore points to caution as Bitcoin enters the week with macro pressure in the background and a clear technical imbalance above current price.
Traders will likely watch whether BTC starts moving into the gap if momentum improves. If it does not, the lower reopening level may continue to define the short-term tone.
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