According to CrypNuevo, recent liquidations around the $105.7k level on lower time frames indicate a possible retest of a critical support area for Bitcoin. If the $106k support fails to hold, traders should be prepared for a potential dip towards the $100k psychological level. This development is crucial for short-term trading strategies, as breaking below $106k could accelerate sell pressure and liquidations, creating high volatility and trading opportunities. (Source: CrypNuevo on Twitter)