BTC drops below 91,000 and rebounds. Can short-term volatility turn into a trend?

According to the latest news, BTC has just broken below the psychological level of 91,000 USDT, with the current price at 90,998.9 USDT. However, based on updated data, BTC has rebounded to around 91,302 USD, showing strong support. This brief downward breakout has attracted attention, but from multiple data dimensions, the market trend has not shown a clear reversal.

Long-term resilience amid short-term fluctuations

Looking at recent price movements, BTC demonstrates an obvious upward trend, but there are also some subtle signals of change.

It is worth noting that although the short-term (1 hour, 24 hours, 7 days) shows an upward trend, the 30-day period shows a slight decline, indicating some adjustment pressure from late last year to early this year. Breaking below 91,000 may be a reflection of this adjustment.

Trading volume and market heat

The 24-hour trading volume is $3.924 billion, down 8.66% from the previous day. A decline in trading volume usually indicates decreasing market participation, which may mean:

• Investors are watching and waiting for clearer signals
• Market participants have reduced during price fluctuations
• Possibly a characteristic of short-term correction

Market position remains solid

BTC’s market cap is $1.82 trillion, accounting for 58.36%. This proportion indicates that BTC’s dominant position in the entire crypto market remains unchanged. With such a high market share, any volatility in BTC can significantly impact the overall market.

Market significance of the psychological level

The round number of $91,000 acts as a psychological cue for market participants. Breaking below this level typically will:

• Trigger some stop-loss orders
• Cause short-term market sentiment fluctuations
• Test the strength of support levels below

But from BTC’s quick rebound back to around $91,300, support below appears relatively solid, indicating that market bearish sentiment at lower prices is not strong.

Follow-up points of focus

Based on current data, key observations include:

1. Whether trading volume will recover during the rebound; if it can break through $3.9 billion, it indicates a strong rebound
2. Whether the 7-day upward trend of 1.79% can continue or will be suppressed by the 30-day downward pressure
3. Whether the 58.36% market share will change due to price adjustments

Summary

BTC’s drop below 91,000 is a short-term fluctuation rather than a trend reversal. Although trading volume has declined and the 30-day trend is somewhat weak, the upward momentum from 1 hour to 7 days still exists, and market share remains stable. This dip appears more like a normal correction within the adjustment phase rather than a bearish market signal. The key is to observe whether trading volume can recover and if BTC can hold steady within this price range.