Recent weekly performance of Bitcoin has been somewhat volatile. After reaching a high of nearly $95,000 at the beginning of the year, it turned downward, even approaching the $90,000 mark at one point.

Technical analyst Keith Alan straightforwardly states that Bitcoin's first upward breakout attempt has been clearly rejected. He advises investors to focus on the support zone between $87,500 and $89,000 — which could be a key defensive line in the near term. More importantly, later this month, a macro death cross will appear on the weekly chart, and Alan believes that any rebound by then should be considered a high-selling opportunity unless new evidence of a reversal emerges.

Trader Roman's attitude is more cautious. He has repeatedly warned of the downside risks of the larger cycle and reiterates that the short-term target points to $76,000 — a level last seen in April. In his view, the decline starting from $89,000 is still ongoing, and the current sideways consolidation is just a mid-term adjustment; ultimately, it will still move toward $76,000. The high-timeframe charts still show a clear bearish advantage, and Roman states that he currently sees no signs of a reversal.