The high volatility of Bitcoin hides dangers! The 92000 level is under pressure, with short positions dominating.
The Thanksgiving holiday and shrinking liquidity have led Bitcoin into a high volatility deadlock, with significant pressure at the key level of 92000—multiple attempts to rise during the day have faced strong resistance and retreated, with upward momentum continuously depleting, and short positions gradually gaining the upper hand.
Technically, bearish signals are being released: a double top formation has officially completed on the 4-hour timeframe, with a clear pressure structure at the top; the 1-hour cycle indicators have turned downward after a continuous narrowing, with a clear short-term adjustment trend. It should be noted that the current rebound is merely a correction of the volatility, not a trend reversal; in the short term, one must firmly anchor the core strategy of short positions.
Short positions should be set in the 91500-92000 range, targeting the round number of 90000.
