Bitcoin's recent price action has captured the attention of traders worldwide, with key resistance levels being tested and potentially setting the stage for further upside. According to crypto analyst Skew Δ, the 4-hour BTC chart hasn't fully played out yet, emphasizing the importance of the $94,000 level as a critical resistance and supply zone that was cracked today. This breakthrough could signal a shift in market dynamics, where previously resistant areas transform into support, paving the way for higher prices. Traders are now watching closely to see if the $93,000 to $94,000 range can hold as demand and support, which would confirm bullish continuation. If this occurs, the next target highlighted is the 1-year Point of Control (POC) at $96,500, an area that was briefly tapped during today's squeeze. This analysis underscores the need for confirmation through price acceptance above key levels, including the weekly open and sustained trading above $94,000.

Analyzing BTC's 4H Chart: Resistance Turns to Support

Diving deeper into the 4-hour timeframe, Skew Δ notes a very nice reset into the 4H trend and previous resistance, which looks promising for bulls. The market has shown resilience by squeezing higher and tapping the $96,500 POC today, but true confirmation will come from acceptance above the weekly open and firmly above $94,000. This $94,000 area is deemed the most important zone right now, acting as a pivot point for future movements. For traders, this means monitoring trading volumes and on-chain metrics around these levels. For instance, if BTC can maintain support in the $93,000-$94,000 range, it could attract more buying interest, potentially leading to increased trading volumes on pairs like BTC/USDT and BTC/USD. Historical data suggests that breaking such key resistances often correlates with heightened volatility, offering opportunities for swing trades or scalping strategies. However, without real-time confirmation, traders should watch for any rejection that could push prices back toward lower supports, such as the previous 4H trend lines.

Trading Opportunities and Market Indicators

From a trading perspective, the current setup presents several opportunities. If BTC establishes $93,000-$94,000 as solid support, long positions could target the $96,500 POC with stop-losses placed just below $93,000 to manage risk. Market indicators like the Relative Strength Index (RSI) on the 4H chart might show overbought conditions after the squeeze, but a healthy pullback to test support could reset momentum for another leg up. On-chain metrics, such as active addresses and transaction volumes, could provide further validation; a spike in these would indicate growing demand. Cross-market correlations are also worth noting—Bitcoin's strength often influences altcoins and even stock markets, where institutional flows into crypto ETFs might amplify upward pressure. For example, if traditional markets show risk-on sentiment, BTC could benefit from correlated inflows. Traders should also consider multiple pairs, including BTC/ETH, to gauge relative strength. The emphasis on $94,000 as a key area highlights potential resistance-turned-support flips, a common pattern in bullish trends that savvy traders exploit for entries.

Broader market implications tie into this analysis, as Bitcoin's performance often sets the tone for the entire cryptocurrency ecosystem. With the squeeze tapping $96,500 today, sentiment appears bullish, but sustainability depends on holding those gains. Institutional interest, evidenced by recent ETF inflows, could bolster this move, especially if macroeconomic factors like interest rate decisions favor risk assets. For stock market correlations, events in tech-heavy indices like the Nasdaq might spill over, as AI-driven innovations in blockchain could drive sentiment toward AI tokens and broader crypto adoption. However, risks remain, including potential profit-taking after the resistance break or external shocks from regulatory news. Overall, this setup encourages a data-driven approach, focusing on timestamps of price actions—today's crack of $94,000 and tap of $96,500 being pivotal. Traders are advised to use tools like moving averages and volume profiles to identify entry points, ensuring strategies align with confirmed support levels for optimal risk-reward ratios.

Risks and Strategic Considerations for BTC Traders

While the outlook is optimistic if support holds, traders must remain vigilant about downside risks. A failure to accept prices above $94,000 could lead to a retest of lower levels, potentially invalidating the bullish thesis. Skew Δ's emphasis on the 4H reset suggests that while the chart looks good currently, external factors like global economic data or crypto-specific events could influence outcomes. For instance, trading volumes need to sustain above average to confirm demand in the $93,000-$94,000 zone. Long-tail keywords like 'Bitcoin price resistance break' and 'BTC support levels 2026' naturally fit into discussions, aiding SEO while providing value. In summary, this analysis from Skew Δ offers a roadmap for navigating BTC's near-term path, blending technical levels with practical trading insights to help investors capitalize on potential upsides while mitigating risks.