Bitcoin sellers are struggling to break below the key 100-day moving average at $96K, which is a significant support level. This has resulted in market indecision and the battle between bulls and bears continues. A successful defense by buyers at this level could lead to renewed demand and a push towards the $103K resistance. However, if the support level is decisively broken, it could trigger liquidations in the futures market and intensify selling pressure. Traders should expect increased volatility until a clear breakout occurs. On a lower timeframe, Bitcoin is stuck within a bullish continuation flag, with uncertainty in price action. Buyers need to push above the $100K resistance to confirm bullish momentum towards the $108K all-time high. The Bitcoin taker buy-sell ratio in the futures market suggests that buyers are regaining strength and could soon take control, potentially fueling a renewed bullish rally.



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