Bitcoin Dips Below $90K on Minor ETF Outflow – Bearish Signals Dominate, But Buy-the-Dip Setup Targets $100K

BTCUSD is trading under $90000 due to a negative sentiment in the market. During the day, it has dropped to $89530 as the lowest point, and currently, it is about $89853.

US spot Bitcoin ETFs collectively saw a very small net outflow of $88 2 million on January 6, 2026, which was the first negative day of the year, mainly because of a $302. 9 million withdrawal from Fidelity's FBTC that was partially compensated by inflows into BlackRock's IBIT. This came after strong inflows earlier in the week, including $280 2 million on January 2 (with IBIT's $287 million as the main driver) and $661 million. 9 million on January 5 (with contributions from IBIT and FBTC leading), so the total net inflows had already surpassed $850 million by midweek.

Following a Bitcoin price drop to below $90, 000 and rumors of the overall outflows nearing $600 million by January 7, the year, to, date flows as of January 6 still stood in the positive territory at around $660 million, thus showing that institutional investors remain interested even though there is a short, term dip and somewhat mixed sentiment in the crypto ETF space.

Oscillators and moving averages to forecast the trend of BTCUSD

CMP- $89841

EMA (4-hour chart)

55-EMA- $90848

200-EMA- $90250

365-EMA- $92861. The pair trades below the short-term and long-term moving averages.

Major Support - $89500. Any breach below $89500 will drag the pair down to $88356/$86650/$84440/$83000/$80000.

Major Resistance - $95000.  Any break above $95000 confirms minor bullishness, a jump to $95500/$97400/$98500/$10000.

Indicators (4-hour chart)

CCI(50)- Bearish

ADX-  Neutral

5. Investment Strategy for BTCUSD

It is good to buy on dips around $85000 with a stop loss around $80000  for target profits of $100000/$107000.