Looking at today's #btc options gamma, we are still in the positive gamma zone, so option sellers' hedging reduces volatility...

(If the price rises, they sell; if the price falls, they buy.)

So the current sideways consolidation is also one of the manifestations of being in a strong positive gamma zone...
(We are still only looking at the 1d, 8d, and 22d options with relatively large open interest—December 5th, 12th, and 26th, the "giants.")

Therefore, unless there is a strong bullish or bearish news catalyst, we should continue to see situations where price pulls back as soon as it encounters a bit of order book resistance, or various fake breakouts that just wick into order book liquidity...

For example, the relatively larger resistance above is at 94500 and 95000, while below it's at 91600. Price might touch these, or even reverse before reaching them... Then next time, there might be a fake breakout before reversing again... (similar to the action around 94000 these past two days)

Unless there's a news-driven catalyst... Buying and selling triggered by news can break through these order book resistance and support levels, and also disrupt the option market makers' gamma hedging...

So from the gamma perspective, the previous order book view still holds... Continue the game and wait for news...

The potential gamma flip (from positive gamma to negative gamma, which would accelerate the market) zone below, around 92k, is still somewhat divided. The positive gamma effect from the options expiring on 12.5 is still impacting today and tomorrow. After tomorrow, 92k might become the gamma flip zone (to be confirmed tomorrow).

Just for today, continue to use 90k as the dividing line... If 90k breaks and can't recover, it could lead to accelerated downside...