Looking at the recent Bitcoin trend, the market is indeed stuck in a repeated oscillation phase after a high pullback. The resistance level above is obviously still very strong, and the overall trend is weak in the short term, making it difficult to have a breakthrough for a while.

The key issue is that those important resistance levels have not been effectively broken through. Without a significant increase in volume, the bullish breakout lacks convincing power. Therefore, it is safer to view the situation with a range-bound mindset at this stage.

The support area below is worth paying close attention to, as its strength determines whether it will move sideways or drop down. Once the support is broken, the pullback may be quite deep. From an operational perspective, choosing to short in this situation would be more prudent. Waiting to enter when it encounters resistance again at a higher level will have a better success rate than blindly trying to catch the bottom.