【Block Rhythm】Bitcoin surged close to $95,000 yesterday before rapidly retreating to levels near the beginning of the year. Intraday price movements have been significant, with the possibility of exploring below $90,000.
Regarding this market wave, Keith Alan, co-founder of Material Indicators, was candid: “Bitcoin’s first attempt at an upside breakout has been completely rejected.” He had previously captured signals of bearish strength on higher timeframes. Now the key technical support zone is positioned between $87,500 and $89,000, which has become the last line of defense for bulls.
What’s more concerning is the death cross risk Alan raised. He pointed out that a macro death cross signal is about to appear on the weekly chart at the end of the month. “Once it appears, I will treat any subsequent rebound as an opportunity to sell into strength. Unless there is clear evidence to contradict this expectation, I will continue to be bearish.”
Seasoned trader Roman reiterated his bearish stance. After multiple warnings about macro downside risks throughout 2025, he continues to maintain his short-term target at $76,000—a level that last appeared in April. Roman’s view is straightforward: “Currently stuck around $89,000, and the probability of further downside is very high. I’m very confident about the $76,000 target; the current consolidation is merely preparation for the eventual decline to that level. I don’t see any signs of a reversal currently, and the bearish signals on higher timeframes remain strong.”
ビットコインは95000ドルでピークをつけた後に下落、テクニカルアナリストは週足のデッドクロスリスクに警告
【Block Rhythm】Bitcoin surged close to $95,000 yesterday before rapidly retreating to levels near the beginning of the year. Intraday price movements have been significant, with the possibility of exploring below $90,000.
Regarding this market wave, Keith Alan, co-founder of Material Indicators, was candid: “Bitcoin’s first attempt at an upside breakout has been completely rejected.” He had previously captured signals of bearish strength on higher timeframes. Now the key technical support zone is positioned between $87,500 and $89,000, which has become the last line of defense for bulls.
What’s more concerning is the death cross risk Alan raised. He pointed out that a macro death cross signal is about to appear on the weekly chart at the end of the month. “Once it appears, I will treat any subsequent rebound as an opportunity to sell into strength. Unless there is clear evidence to contradict this expectation, I will continue to be bearish.”
Seasoned trader Roman reiterated his bearish stance. After multiple warnings about macro downside risks throughout 2025, he continues to maintain his short-term target at $76,000—a level that last appeared in April. Roman’s view is straightforward: “Currently stuck around $89,000, and the probability of further downside is very high. I’m very confident about the $76,000 target; the current consolidation is merely preparation for the eventual decline to that level. I don’t see any signs of a reversal currently, and the bearish signals on higher timeframes remain strong.”