After breaking the $94,000 support area, Bitcoin dropped sharply to the identified support level and the bottom of the drawn channel.
In this area, we expect a rebound to the next resistance level and the top of the channel.
After reaching this resistance level, the price action should be closely watched to determine whether Bitcoin can break through or face rejection.
A recovery may occur in the short term, but the key decision point will be at the resistance level where we need to assess the strength of the bullish move.