Since #btc has started to fluctuate, let's take a look at the potential intraday zones to watch today..
Below, there are two zones where previous short positions were trapped: 92k~92.5k in Chart 1 and around 91k in Chart 2..
Chart 3 shows the position of these two zones in the larger picture..
However, there are currently 100+ btc pending orders stacked around 91,600 (Chart 4)..
So, it may not be easy for the price to reach 91k in the near term..
Therefore, before and after the US stock market opens today, keep an eye on the 92k area, plus or minus 500 points.. Wait for a high-volume entry set

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 encounter

#BTC price is holding steady, but the order book tells you that the selling pressure above is being eaten away bit by bit, and the balance of power between bulls and bears is being redistributed...
From yesterday to today, the biggest change in the order book is that the imbalance of sell orders above has temporarily disappeared. The disappearance of the imbalance doesn’t mean the sell orders are gone, it just means that buy and sell orders are currently in a relatively balanced state.
Within a 2.5% or even 5% range above and below the current price, the number of buy and sell orders is not mu

Total delta 1.5b+1.92b...
This is a signal for the reversal of the funding sentiment trend that I have been talking about before..
It's best not to be empty today; it's hard to touch where the reversal point of this wave is...
I'm outside right now, let's talk more later when I have time..

Is this gap not going to be filled? 😅 It's the third time in a row that there's just a gap left to cross over...
Are you really not going to make up for it?

#BTC Observations before the US stock market opens..
Overall, the rebound sentiment yesterday was quite strong, although it did not create a rapid V-shaped recovery..
However, yesterday, the total long delta reached 1.5b in just a few hours, which is the highest value of total long delta for the entire network's spot and contract aggregation in the last 5 hours since October 11. (Previously, the highest rebound was only around 1~1.2b, with an occasional 1.4b.)
What is different this time is that after this wave of rebound to 1.5b, the price did not fall back, but instead went sideways. In

The reason for MicroStrategy's stock price big dump last week has been found: was it caused by the boss himself?
How much will BTC fall before MicroStrategy truly collapses? Not 70,000, but 10,000? What is the likelihood of them selling coins in the near future? How will they maintain their cash flow in the future?
Deep dive into where the death spiral trigger line of MSTR really is!
In the past two days, discussions have increased regarding whether MicroStrategy @Strategy will experience a big dump in the future and whether it will trigger a spiral risk.
Yesterday, MicroStrategy announced

#BTC long positions 1.5b's delta has been completed..... The rebound strength is very limited.
(There should be significant passive selling pressure, so the price has not rebounded much)
According to Delta, this rebound is just like this..
After all, since 10.11, long positions have hardly made a single wave exceeding 1.5b...

Today, the key focus for #BTC is still the 1-2 hours after the opening of the US stock market...
See if there is a chance to break 85k and accelerate into the 82~83k demand zone to hit the previous low sfp...
Look up to 87~88k (a small amount of long positions trapped) whether it can go through.. (Figure two)

Currently, the #BTC below 85k is still a very heavy negative gamma zone... We are only looking at three options with relatively large holdings (the giants on the 5th, 12th, and 26th)
This means that if the price falls below here and does not recover quickly, the options party will need to hedge, increasing volatility (accelerated decline).. The integration GEX of kingfisher has the same conclusion, with negative gamma below ( accelerating volatility) and positive gamma above (suppressing volatility, which means that when it rebounds, there will be damping, making it not so easy to bounce back)

#BTC Spot and contract currently have a bull divergence.. There is passive buying pressure to absorb the selling pressure..