Bitcoin has bounced strongly from recent lows, now pushing into a high timeframe supply zone aligned with key Fibonacci levels, while interacting with descending trendline resistance that forms a critical confluence area. A clean break above the 95K–100K region could propel BTC toward new highs, but failure risks rejection back to 74K–72K, marking a classic retest of supply after recovery that will dictate the next major move in this Bitcoin supply zone scenario.

As a senior macro-crypto prop trader, I'm watching Bitcoin's 4-hour chart where price sits at $78,094.18 in a bullish trend supported by the EMA50 at $76,886.37 and EMA200 at $73,504.75, acting as firm long-term floors. Momentum holds neutral with RSI at 56.44, but MACD shows a bearish death cross at 224.34, signaling potential exhaustion as price trades inside Bollinger Bands—testing upper resistance at $78,414.89 while lower support at $77,137.15 offers a cushion. Confluence here screams caution: with price hugging that upper band amid neutral RSI, expect a tactical pullback to the EMA50 before any upside resumption, especially if broader crypto market analysis factors in lingering volatility from trends like TAO and Bitcoin hype cycles, aligning with BTC price prediction models for a measured retrace in this setup.