BTC faces short-term pressure and falls below $91,000; the medium-term trend remains unchanged

BTC tests the key support of $91,000 again during short-term correction. According to the latest market data, BTC/USDT is currently at $90,979.1, down 1.27% over 24 hours. Although there has been a short-term pullback, from a longer-term perspective, BTC’s mid-term trend remains positive, and its market dominance has not been shaken. This correction is more of a technical retracement rather than a trend reversal signal.

Multi-dimensional Performance of Short-term Correction

Based on market data, BTC’s performance varies across different timeframes:

This “short-term dip, long-term rise” pattern is quite common. The slight decline over 24 hours is fully offset by the 7-day 4% increase, indicating this is more of a normal technical correction rather than a trend reversal.

Market share remains stable, dominance unchanged

From macro data, BTC’s market position remains solid:

• Market Cap: $1.82 trillion
• Market Share: 58.30%
• Circulating Supply: 19,972,790 BTC (95.11% circulated)

A market share of 58.30% indicates BTC still holds an absolute dominant position in the entire crypto market. The stability of this percentage itself reflects that market recognition of BTC has not changed.

Declining trading volume may reflect market caution

It is worth noting that the 24-hour trading volume has decreased from about $5 billion yesterday to $4.733 billion, a decrease of 5.77% week-over-week. Shrinking trading volume usually indicates reduced market participation, which is common during short-term corrections—investors are watching for the next move.

Personal Observation

Breaking below $91,000 this time is more of an expected technical retracement rather than a worrying signal. Given the 4% increase over 7 days, this short-term dip is well within normal fluctuations. The key is whether BTC can hold this support zone and whether trading volume can recover afterward.

Summary

BTC’s short-term correction is a normal technical retracement and does not change the medium-term bullish trend. The stability of the 58.30% market share indicates that market confidence in BTC remains intact, while the decline in trading volume reflects market caution. The next focus should be on whether BTC can sustain support in this range and whether it can break through previous highs again. Based on current data, this correction is more of a “shakeout” rather than an “escape.”