According to @CryptoMichNL, BTC rejected at $107K and then tested lower, losing the $100K area and sweeping liquidity below prior lows (source: @CryptoMichNL). The lower timeframe trend is down, signaling near-term bearish momentum for Bitcoin price action (source: @CryptoMichNL). A decisive reclaim of $100.7K is required to flip the short-term trend and negate the downside bias (source: @CryptoMichNL).