Market Update:

Bitcoin experienced a quick retest of the $90k liquidity zone overnight, followed by an immediate bounce back to above $96k. We are now seeing early signs that the $98.2k level (Monday's high) is acting as resistance on the 4-hour chart.

The key focus is on the orange trendline, which marks the recent breakout. As long as Bitcoin respects this trendline with each 4-hour close, there is potential for a move towards $100k in the near term.

However, if the price fails to maintain the trendline and closes below it, we could see a retest of the $94k level at a minimum.