BTC's latest price is around $91,000, with a 24-hour price change of approximately -2.2%. The intraday low touched $90,635, mainly driven by profit-taking adjustments following the ADP data release. From a technical perspective, although the price has broken below the 30-day moving average, the 120-day line still provides support, which is a typical characteristic of a high-level technical pullback. Currently, institutional investors have significant divergence in their long/short positions. Some research institutions are bullish on the 2026 trend, providing an annual target price of $150,000. Short-term traders should focus on two key points: first, whether the crucial support level of $90,000 can hold, and second, how subsequent US CPI data will impact market expectations. It is recommended that investors maintain a cautious attitude and operate with light positions.