Bitcoin is currently oscillating near the key resistance level of $95,000, which coincides with the supply zone where the 100-day moving average is located. The 4-hour chart shows that the price has just broken through the ascending triangle, but whether it can stabilize remains to be seen.
If this breakout is confirmed as effective, the next target points to the $100,000 milestone. However, if it fails, there are two technical support points—first, the recent support between $93,000 and $94,000, and then the round number support at $90,000.
From a daily perspective, the structure remains bullish, with new highs and lows both trending upward, indicating that the upward trend is still ongoing. Although the RSI has pulled back somewhat, it remains in the bullish zone, which aligns with the daily upward structure. In the short term, the rebound sentiment persists, but the key is whether the 4-hour chart can hold the breakout.