Fluid antennas (FAs) is a promising technology for introducing flexibility and reconfigurability in wireless networks. Recent research efforts have highlighted the potential gains that can be achieved in comparison to conventional antennas. These works assume that the FA has a discrete number of positions that the liquid can take. However, from a practical standpoint, the liquid moves in a continuous fashion to any point inside the FA. In this paper, we focus on a continuous FA system (CFAS) and present a general framework for its design and analytical evaluation. In particular, we derive closed-form analytical expressions for the level crossing rate (LCR) and the average fade duration of the continuous signal-to-interference ratio (SIR) process over the FA's length. Then, by leveraging the LCR expression, we characterize the system's outage performance with a bound on the cumulative distribution function of the SIR's supremum. Our results confirm that the CFAS outperforms its discrete counterpart and thus provides the performance limits of FA-based systems.