Bitcoin continues to come under pressure with lower levels approaching around 90,500. This trend is basically in line with technical expectations.

Around the 90K level, the market shows a clear willingness to support. The previous judgment was that this area is very likely to experience an effective test. For short sellers, this is a good opportunity to reduce half of their positions; at the same time, from a bullish perspective, the 90K vicinity also constitutes a potential entry point for strategic play.

The key is whether the 90K support can hold today. If the price cannot break through this barrier for a long time, the rebound and upward momentum may accelerate faster than expected. From a position management perspective, some short positions have already been partially reduced. It is recommended to keep the remaining positions and wait for a suitable rebound to gradually add. Avoid closing all positions at once, as this could cause missed opportunities for subsequent upward movements.

Overall, 90K is an important observation window. The tug-of-war between bulls and bears will determine the next direction of BTC. Market participants need to closely monitor changes in support strength and adjust their strategies accordingly.