BTC falls below the $91,000 mark, short-term pressure becomes prominent but daily support still exists

Bitcoin faces short-term correction pressure. According to the latest news, BTC broke below the 91,000 USDT threshold and is now trading at 90,995 USDT. Although this break appears abrupt, from a broader time frame, the market still maintains relatively solid fundamentals.

Multi-Timeframe Performance of Price Fluctuations

From this table, an interesting contrast can be observed: BTC experienced a decline in the short term (1 hour), but remains in an upward trend on the daily level. This suggests that the current adjustment may be just a short-term technical correction rather than a trend reversal.

Market Fundamentals Remain Stable

Market Cap and Share Remain Leading

BTC’s current market capitalization has reached $1.82 trillion, accounting for 58.62% of the entire cryptocurrency market. This indicates that Bitcoin still remains the most dominant asset in the market. The stability of this market position provides fundamental support for the price.

Trading Volume Shows Active Performance

The trading volume over the past 24 hours reached $4.205 billion, an increase of 167.36% compared to the previous day. The significant rise in trading volume usually reflects increased market participation, which could be from bullish accumulation or bearish entry, but overall indicates growing market attention on BTC.

Short-Term Trend Observation

Significance of Key Support Levels

Breaking below the 91,000 USDT integer threshold has certain technical implications. In cryptocurrency trading, integer levels often attract a large number of stop-loss orders and technical trades. A breakdown may trigger short-term chain reactions.

Expectation of Rebound Space

Considering the 3.18% decline over 7 days, BTC is undergoing a relatively mild correction cycle. Given that the 30-day trend remains upward, this adjustment could be a preparatory phase for subsequent gains.

Summary

Although BTC breaking below $91,000 has attracted short-term attention, multi-dimensional data shows that the market’s fundamentals have not significantly deteriorated. Daily positive growth, stable market share, and active trading volume all indicate that the market is digesting the price rather than falling into panic. The short-term technical correction contrasts with the long-term market structure stability, and it remains to be seen whether effective support can form around 91,000 USDT.