Bitcoin is currently consolidating around a price of $94,500 after experiencing a strong upward trend. The 4-hour chart shows that there is a critical support level at $94,000. The Relative Strength Index (RSI) indicates that the market is oversold, which suggests that there may be a potential rebound. However, the stochastic RSI indicates that the market is overbought, so caution is advised in the short term. If the price breaks above $96,000, it could indicate that the bullish momentum will continue.

In terms of Bitcoin dominance, there is a bearish sentiment as it is facing resistance near the 57.76% level. The RSI is approaching oversold levels, which could lead to a short-term rebound. However, it is important to note that there is a key support level at 57.20%. If this level is broken, it could result in further declines.

The total cryptocurrency market capitalization has retraced to a significant support zone around $3.2 trillion. This forms a potential equal low. The RSI is close to neutral, while the stochastic RSI indicates that the market is overbought. This suggests that caution is needed. If the market breaks above $3.3 trillion, it could reignite bullish momentum. On the other hand, a breakdown could indicate further downside risks. It is recommended for investors to closely monitor these levels for potential trading opportunities.