BTC current price is 90,058 USDT, with a 24-hour decline of 2.07%, overall in a weak correction phase. From the current technical perspective, several key signals are pointing in one direction.

After the price broke below the 91,000 key support level, it continued to face downward pressure. The market’s liquidity performance further confirms the market’s weakness—24-hour net outflows of funds increased, totaling a net outflow of 4,495 BTC, with main force net outflows of 4,092 BTC and large orders net outflows of 1,405 BTC. Selling pressure is clearly dominant, with sell orders accounting for as much as 61.44%, and market sentiment is in an extremely pessimistic state.

The leverage long-short ratio indicator is also worth noting. It rose to 91.04 in 24 hours, indicating an abnormally high proportion of longs, which brings significant liquidation risks. The current price has already approached the 24-hour low of 89,311, testing the strength of the support below.

From a trading perspective, there are roughly three possible directions for the day: about 30% chance of a rebound to 91,500; the highest probability of 55% for a decline to 89,000; and a 15% chance of trading sideways around 90,000.

For traders looking to operate, short positions can consider light positions in the 90,800-91,200 range, with a stop loss set at 91,800 and a target of 89,200. Long positions should wait patiently for signs of stabilization around 89,000-89,500 before entering, with a stop loss at 88,300 and a target of 91,000.

Looking at a longer cycle, the main focus for the day is whether 90,500 can hold. If it cannot, there is a risk of testing 89,000. If the weekly level loses support at 89,000, further declines to the 87,000-88,000 range are possible, with strong resistance at 92,000. On the monthly chart, the overall trend is in a clear downward channel, with wide oscillations and a downward bias in the 87,000-92,000 range. To truly reverse this downward trend, a significant breakthrough and stabilization above 95,000 are necessary; otherwise, the correction pattern may continue.