Good level to see a bounce from at the Daily Breakdown Point. Even if price doesn't bounce from here now, it's still a good level for an entry trigger.
I've discussed the $106.1k level for several weeks now. The level has even more confluence with the consolidation below the level before the eventual breakout.
I like to share this story from @AngeloBTC every year. It has really stuck with me and I think about it often. I've seen this exact thought process with hundreds, if not thousands of times with different people.
"...be careful adding more variables thinking you can time the market in between..."