Friday Market Outlook: Short-term Consolidation After a Pullback, 90,000 Level Faces Pressure Test

From the new high of 94,415 on the evening of January 6th to now, Bitcoin has experienced a slow three-day pullback. The current price is around 91,220, down approximately 3.5% from the peak. This level of correction is entirely normal profit-taking, and the bullish fundamentals remain intact.

The most critical support zone right now is between 90,000 and 91,000. You need to understand that before 90,000 was a "ceiling," but once broken, it should become the most solid "floor." Friday's timing is a bit delicate—Asian markets are relatively weak, and if European markets fail to show a rebound in the afternoon, during the US stock session, major funds are likely to test how deep the genuine buy orders are at the 90,000 level.

**Short-term Support Levels (1-3 days)**

90800 is the immediate daily support and has repeatedly acted as the lower boundary of recent 12-hour oscillations. This is the last line of defense for the bulls in the short term. Once broken, the price will directly test 90000.

The range of 90000-90200 is the core bottom, representing the absolute dividing line of this rally. As long as the 90,000 level holds, the main upward trend of the bull market remains unchanged.

Below that, the 89500 support acts as a false breakout line.

**Medium-term Outlook (1-2 week swing)**

88000 is the top of the recent oscillation range and provides strong structural support. 86000 is the trend dividing line between bulls and bears, while 84500 is the major structural bottom.

**Short-term Resistance Levels (1-3 days)**

91800-92000 is immediate resistance. This was support yesterday and has now turned into resistance (a typical top-bottom reversal). If the price cannot break through here, the short-term outlook remains weak.

92800 is the intermediate resistance for a short-term rebound, and 93500 is a strong resistance zone.

**How to Trade More Rationally**

From the current position of 91220, the market is in the "final test before support" phase.

From a bullish perspective, 90,000 is a strong support on the larger cycle, with a favorable risk-reward ratio. Although the short-term trend is downward, trading long based on 90,000 aligns with the principle of "going with the major trend and countering the minor trend."

Shorting is also an option, but caution is needed regarding risks. The short-term trend is indeed downward, and rebounds seem weak, but the problem is that 90,000 is right in front of us—downward space is actually limited. Chasing shorts could easily be reversed by support rebounds, making the risk and reward imbalance.