Direction Prediction:
If the price remains above MA(50) (~$99,000), BTC is likely still bullish and could try to return to the resistance of $109,588.
If BTC falls below MA(50), there could be a deeper correction to the support area around $99,000 - $97,000.
Bullish Confirmation: If BTC manages to break through the resistance of $103,800, there is potential to go to $110,000+.
Bearish Confirmation: If it falls below $100,000, it could go to $97,000 - $95,000.
Conclusion: BTC is currently still in an uptrend, but it is important to see whether it can stay above MA(50). If not, further corrections are possible.