BTC surged to a high of 91,999 on the 1-hour chart and then quickly corrected. The current price of 90,566.9 has broken below the short-term moving averages MA5 (91,087.9), MA10 (90,735.7), and MA20 (90,797.6), indicating a clear technical shift to bearish.

From the indicators, the RSI(6) is now at 43.2, in a neutral to slightly weak zone, while the MACD still shows a red histogram, but the DIF value(-8.8) has fallen far below the DEA value(-46.7), suggesting that the bullish momentum has significantly weakened. Combined with the price action, this wave of high-level distribution signs is quite prominent.

The technical suggestion is to open a short position at the current price of 90,566.9, with a stop-loss set above the previous high of 91,999.0 for better safety. For targets, the first target can be around 89,632.8 (the 24-hour low), and the second target aims at the psychological level of 89,000.

If you are a trend trader, you should firmly hold this short position; short-term traders might consider taking partial profits at key support levels, which is more prudent. However, be especially cautious—once the price breaks below, it could trigger a chain of selling pressure, and volatility may become quite intense.