Bitcoin repeatedly tests below $90,000, and the market has fallen into a phase of consolidation. Although volatility has increased, the overall upward trend remains on the weekly chart — the key is that both bulls and bears are now watching a very critical level. Once the direction is confirmed, the subsequent market trend will become clearer.

From a weekly perspective, Bitcoin is still within a long-term upward channel. The previous attempt to break through the resistance zone of $100,000 to $105,000 was unsuccessful, and instead, it slid down to the $87,000 to $88,000 range for consolidation. Trading volume has significantly decreased, which is a typical sign of accumulation.

Currently, the most important levels to watch are:

• The last line of defense for the bulls is in the $85,000 to $87,000 range. If this level cannot hold, market sentiment could shift very quickly.

• Once the weekly close effectively breaks below this support, the downside potential may open up, with the next target around $74,000 to $75,000.

• On the upside, a breakthrough of the $95,000 to $100,000 zone is needed for the upward momentum to truly regain vitality.

Ultimately, as long as the $85,000 support level holds, the overall bullish outlook remains intact. But if it breaks, a deeper market correction becomes a real possibility. The current chart has found a support point, and a directional breakout is brewing. The next step depends on how time plays out.