CryptoQuant: Holding above $101,000 for BTC would be considered a buying opportunity; a break below this level on the daily chart could undermine the bullish structure.

Bitcoin broke below the key support level of $107,000, briefly falling to $98,000, triggering a $640 million liquidation of long positions. It has now rebounded to the key level of $101,000, where it is currently battling for support. Holding above this level would be seen as a buying opportunity, while a break below could damage the bullish structure.