BTC falls below the 90,000 USDT psychological threshold, with market share still stable at 58%

According to the latest news, BTC broke below the psychological level of 90,000 USDT today, with the current price at 89,994 USDT. This decline may not seem significant, but the integer threshold of 90,000 has a substantial psychological impact on market participants. From a broader perspective, BTC’s market capitalization share remains stable above 58%, and market liquidity is sufficient. This adjustment appears more like a short-term fluctuation rather than a trend reversal.

Short-term Trend Analysis

Looking at different timeframes, BTC has recently shown a divergent trend:

The interesting aspect of this data combination is that: the short-term (1 hour) shows a clear decline, but over 24 hours there is almost no drop, and over 7 days, it has risen. This indicates that today’s breach of 90,000 may be a short-term intra-day fluctuation rather than a major directional change.

Market Fundamentals Remain Stable

At the same time as breaking below 90,000, BTC’s market share remains at 58.28%, which is a very important signal. With a market cap of 1.80 trillion USD, its dominance in the entire crypto market remains strong. The 24-hour trading volume is 3.837 billion USD, down 11.66% from the previous day, but the absolute volume is still sufficient, indicating that market liquidity has not encountered issues.

Personal Observations

From historical experience, round number thresholds (such as 90,000 and 100,000) are often psychological barriers for market participants. Breaking below these levels usually triggers a wave of panic selling, but if the market fundamentals are intact, these levels can also become new support points. BTC stabilizing below 90,000 might instead serve as a starting point for subsequent rebounds.

Follow-up Focus

The key is whether BTC can find support around 89,000 and whether trading volume can increase during the rebound. If this break is merely an intra-day correction, the 7-day upward trend of 1.34% may still continue. Conversely, if it falls below 88,000, then a serious consideration of a trend reversal in the short term is necessary.

Summary

Although BTC breaking below 90,000 USDT seems like a “bad news,” from the perspectives of market share, trading volume, and multi-cycle trends, this appears more like a normal adjustment within an upward process. Short-term fluctuations do not change the long-term pattern. The focus moving forward is on whether BTC can regain above 90,000 and how it performs at subsequent support levels.