According to Michaël van de Poppe (@CryptoMichNL), Bitcoin (BTC) failed to sustain its price above the $106,000 level, triggering a sharp liquidity cascade downward. The recent bounce was met with immediate rejection at this key resistance, indicating continued bearish momentum. Traders are now monitoring two main scenarios: a potential buy opportunity if BTC drops below $100,000, or price stabilization around the current range. These developments are crucial for short-term trading strategies and liquidity management, as confirmed by Michaël van de Poppe’s analysis on Twitter.