This analysis focuses on short-term technical traders and swing traders […]
This analysis focuses on short-term technical traders and swing traders monitoring BTC’s price action over the past week. By reviewing 1-hour and 4-hour charts, key support and resistance levels were identified to guide actionable trading decisions.
Bitcoin Holds Critical Support Amid Market Volatility
Bitcoin is currently hovering around $91,670, testing the $91,824 support level derived from prior lows and ascending trendlines on the 4-hour chart. This support has held multiple times over the past seven days, signaling a potential floor for near-term price action.
Ali Charts highlights $91,824 as a key Bitcoin support on the 4-hour chart, with BTC testing this level near $91,670, signaling cautious short-term upside potential if it holds. Source: Ali Martinez via X
Analyst Ali Charts identifies this level as critical for short-term decision-making: “$ 91,824 is the support level that defines what’s next for Bitcoin.” Ali’s chart-based analysis is particularly relevant because it integrates both recent accumulation zones and trendline validation, making it actionable for technical traders.
Original observation: Based on a review of BTC 1H and 4H charts over the past week, a series of higher lows has formed near $91,700, indicating buyers are gradually defending this support. This subtle accumulation suggests a measured potential for a bounce toward resistance, assuming no large sell-offs occur.
Resistance Near $94K–$95K Limits Short-Term Upside
The $94,600–$95,500 range now functions as the first meaningful resistance for BTC, coinciding with prior EMA clusters and consolidation highs. EliZ highlights the importance of low-risk setups: “If you want to trade, only do so on clear confirmations or at low TMF levels, where your risk is limited, and you can trade with confidence.” EliZ’s insight is relevant here because it emphasizes the risk/reward assessment in a corrective rebound scenario.
Trade BTC only on clear confirmations or low-risk TMF levels, as macro direction is uncertain, and avoid overconfidence in market predictions. Source: EliZ via X
Based on 1-hour chart patterns, BTC’s rebound is currently corrective rather than trend-confirming. Initial upside reactions may stall at $93,600, while a sustained move above $94,600 is required to test $95,500. A decisive H1 close above $95,500 would indicate renewed bullish acceptance and open the path toward higher targets.
Technical Patterns Indicate Cautious Bullishness Sentiment
Peter Brandt’s observation on BTC forming an inverse head and shoulders after breaking a descending trendline provides useful context. Brandt’s experience in classical chart patterns lends credibility, as this setup has historically indicated potential trend reversals.
Bitcoin’s inverse head-and-shoulders pattern points to cautious bullish momentum toward $100K–$102K if ascending support holds. Source: melikatrader94 on TradingView
From my direct chart review, BTC’s higher lows near the right shoulder support cautious optimism. A confirmed breakout above the neckline near $100K–$102K would be technically justified, while a failure to maintain ascending support could lead to renewed consolidation. Taken together, these signals suggest that the market is tentatively bullish, but confirmation depends on price action above the $95,500 range.
Market Outlook and Analyst Perspectives
Short-term traders should approach BTC with structured risk management. ETF inflows, macroeconomic uncertainty, and ongoing Davos-driven trade tensions contribute to volatility. Historical BTC drawdowns during similar corrective phases (2021–2025) averaged 20–40%, based on prior cycle data, emphasizing the need for clearly defined support and resistance levels for informed decision-making.
The $91K support and $94K–$95K resistance levels are actionable: traders may observe and confirm strength at $91K before entering long positions, while any failure to breach $95,500 should prompt caution and potential exit or hedging strategies.
Looking Ahead: BTC Price Remains in a Key Decision Zone
Bitcoin’s recovery is balancing corrective rebounds with structural bullish signals. Original chart observations indicate that near-term buyers are defending support near $91,700, while upside remains capped below $95,500. For short-term traders and swing investors, the path forward is conditional:
Bitcoin was trading at around $91,693.16, down 0.96% in the last 24 hours at press time. Source: Bitcoin price via Brave New Coin
- If $91K holds, BTC is likely to test $94K–$95K resistance.
- If $95,500 is cleared decisively, further gains toward $100,000–$102,000 are plausible.
- If $91K breaks, BTC may revisit $86K–$88K in the short term.
By integrating chart-based insights, expert perspectives, and historical context, traders can navigate BTC’s volatility with informed decision-making, balancing risk and opportunity in the current market environment.