Looking at the 4-hour chart of BTC, this strong rally was met with resistance and pulled back near 94,000. It has now retreated back to the key support level of 90,000.

Looking ahead, if the US stock market maintains strong momentum and Bitcoin holds above 90,000 without breaking down, the resistance zone between 94,000 and 95,000 is likely to be tested again. A more optimistic scenario is that if this wave can effectively break through the above resistance with increased trading volume, and if Nasdaq also supports, then prices of 98,000 USD or even higher are possible, and market sentiment will turn noticeably bullish.

A downside scenario also needs to be prepared for: if it falls below 90,000, the decline will accelerate, with the first target in the 84,000-86,000 USD range. If support there also fails, then the last line of defense at 80,000 USD should be watched carefully.

To summarize the key levels: 90,000 is the first line of defense, 84,000-86,000 is the intermediate buffer zone, and 80,000 is the bottom line. In the past three days, the market has mainly been oscillating weakly, waiting for a signal of effective support and stabilization. From the 4-hour chart, as long as a bottom is formed, it’s an entry opportunity. The subsequent trend will still be mainly a correction followed by oscillating upward.