1989 ford ranger has a RABS module on the drivers frame rail back by the rear axle.
It indeed DOES have a bleeder on it, you likely have some air in there
Also a 1989 the soft brake lines are old and should be replaced, these can cause a soft pedal
For the other guys:
In my experience if your brakes were decent before you changed things and now the pedal goes to the floor
You have a bad seal in the master cylinder
master cylinder seals go out often when bleeding from people pushing them when there is no fluid behind it, a master cylinder MUST be bench bled before installed into the booster.......
Also if you get air in your ABS pump, try driving it....drive it and mash those brakes, make the abs activate.
The air will move downstream where it can then be bled out.