Bitcoin last week broke through the downtrend line with increased volume on the weekly chart and continued to rebound this week. Currently, the price is fluctuating around 94,000 for confirmation. If the breakout is successful, the upward space will open up.

On the daily chart, the long-term downtrend line has been broken, with five consecutive bullish candles, indicating a good momentum. However, two resistance levels should be watched closely: one is 94,500 (the neckline of the W bottom), and the other is 99,500 (the upper band plus gap). As long as the pullback does not break below the lower channel line, the bullish pattern remains intact. The indicators also support this, with MACD and RSI both showing golden crosses upward, and the Bollinger Bands are widening.

The 4-hour chart has formed a triple bottom and is currently operating around the middle of the ascending channel. If the price continues to rise, the previous platform near 94,500 will act as resistance, and above that is the upper band of the channel at 98,500. If a correction occurs, the first support zone is around 90,700 at the neckline, and the second is near 88,700 at the trendline. The key is to hold the lower boundary of the channel at 87,500; as long as this level is not effectively broken downward, the overall bullish structure remains valid.

Although the indicators show some overbought signs, the golden cross of MACD and RSI still support the continuation of the rebound. In the short term, watch the 4-hour performance and seize opportunities when they arise.