Bitcoin retraces early week gains, with 90K becoming a key support! On Thursday, the crypto market saw a widespread decline, with Bitcoin dropping 2.4% to $90,250, failing to hold the gains from Tuesday's breakout at $94,500. Ethereum fell 3.4% to $3,208, Solana dropped 5.8%, Dogecoin decreased by 5.5%, and XRP fell 8.6%, with the total market cap retreating to $3.16 trillion. Leverage reset intensifies volatility: $514 million liquidated in 24 hours, long positions lost $376 million, and short positions only $138 million. Analyst's view: The 90K-91K range has been tested multiple times; if it fails, it could drop to 84K; a breakout above 94K and stabilizing at a $3.32 trillion market cap would indicate a real rebound; liquidity depletion + position imbalance may result in a wide range of fluctuations between 84K-100K by year-end. After the Fed's rate cut, guidance leans hawkish, and risk appetite has not risen. Short-term risk control is a priority; as long as 90K holds, bulls still have a chance! What do you think?
