After early Monday volatility, Bitcoin is showing tentative signs of stabilization. Market sentiment remains cautious following last week's sharp decline, despite a weekend rebound. With the U.S. Thanksgiving holiday approaching, traders are focusing on whether the Federal Reserve will signal further policy easing—especially after New York Fed President John Williams' recent comments reignited expectations for a rate cut next month. Bitcoin prices are expected to consolidate between $80,000 and $90,000 this week.

Deribit platform data shows relatively bullish positioning in Bitcoin options, with a put/call ratio of 0.67 for contracts expiring November 28. The $85,200 support level is being closely watched, with traders alert to potential downside breaks.