The market sentiment is currently leaning towards bullish as Bitcoin has recently broken through a significant resistance level and is showing strong upward momentum. The analyst is closely watching for further upside potential, with key levels to monitor including the 94,356 target for BTC and potential retests of previous resistance zones. The current on-chain data suggests that both short-term and long-term holders are showing positive sentiment, with increased inflows of stablecoins into exchanges indicating a potential for further buying pressure. Geopolitical events and inflation data are also being monitored for their potential impact on market direction. Overall, the market appears to be in a bullish phase with potential for further gains, but caution is advised due to the inherent volatility of the crypto market.