Bitcoin buyers hesitated at the $96,000 resistance level per coin. Looking at today's trading, the instrument still struggles to push its price above this level. However, the desire of the bulls to reach new highs remains. Among technical analysts, there is a belief that if after 7 days of attempting to break a specific horizontal level, buyers fail, then the price tends to retreat south. This could be either to regroup for another attempt or due to a shift in momentum to the opponents. Today marks the 6th day of consolidation around 96,000 BTCUSD. I will await the outcome tomorrow. It's worth noting that the higher timeframes (Weekly and Monthly) are supportive of long positions.
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