Bitcoin is currently trading around $91,000, with a specific quote of $91,210. The recent 24-hour fluctuation range is between $89,343 and $91,397, with a minimal increase of only 0.23%. The 24-hour trading volume has reached $49.35B, and market activity remains high.

From the long-short comparison, the situation is not clear-cut. Within 24 hours, liquidation amounts have reached as high as $5.46 million, with long positions accounting for the majority, as over 70% of contract traders who are long have been liquidated. This indicates that although longs hold an advantage in proportion, they lack resilience in the face of price corrections, with significant risk exposure.

Technical signals are not very optimistic. On the daily chart, the RSI has already formed a death cross, reflecting a decline in upward momentum. Support levels are at $90,000 and $89,000, with the latter serving as the last line of defense if the price breaks below $90,000. Conversely, to break through on the upside, the price needs to surpass the resistance zone of $92,000-$93,000, but this path currently seems challenging.

It is important to note that tonight, the US non-farm payroll data will be released as scheduled. Such economic data often influence market sentiment. Coupled with ongoing expectations of a rate cut cycle and geopolitical uncertainties, the risk of increased volatility should not be underestimated. Short-term traders are advised to manage risks carefully, control leverage, and avoid being swept out by sudden fluctuations.