Bitcoin breaks through the $96,000 mark and enters a new round of upward trend, but the current pullback pressure is gradually emerging. From the trend perspective, BTC is likely to retest around $94,000 for support before having the opportunity to continue breaking upward.

From the price movement trajectory, after successfully breaking through the key levels of $95,000 and $96,000, Bitcoin shows a steady upward trend. The hourly chart pattern is already quite clear—a descending channel is gradually forming, or in other words, the market is brewing a classic bullish flag. $96,200 is an important resistance level at this stage; whether this level can be effectively broken will directly determine if the subsequent upward movement can continue. Once BTC stabilizes above this level, the upward space will be further opened.