Founder of Capital Michael van de Poppe noticed that Bitcoin is fluctuating at $104,400, stating that after a rejection from the $106,000 level, BTC could fall below to grab liquidity between $100,000 and $103,000.

The accompanying chart shows $100,000 as a key level to watch on the four-hour timeframe for BTC. Losing this level will lead traders to seek entry positions below $100,000.