According to CrypNuevo, Bitcoin's recent price action failed to maintain a resistance-to-support (R/S) flip at the $106k level, leading to downside liquidations at lower timeframes. With BTC unable to reclaim $106k, the next critical area is the $100k psychological level, which aligns with the daily 50 EMA. Traders should pay close attention to this support as further downside could trigger increased volatility. Additionally, upcoming labor market data on Friday could introduce macroeconomic uncertainty, impacting Bitcoin's price action and overall crypto market sentiment. (Source: CrypNuevo on Twitter, June 1, 2025)