On the daily chart, Bitcoin's current highs and lows are roughly parallel, indicating a broad range of fluctuations. Further analysis using technical indicators reveals that the price has shown a high degree of respect for past overbought and oversold signals. Each time a signal is triggered, the price has experienced a periodic reversal, further confirming the validity of this oscillating pattern. Based on these two logical assumptions, Bitcoin is indeed currently experiencing a broad range of fluctuations, not a unilateral trend. The next key point is to observe when and where the next overbought signal will appear. If it coincides with a key resistance level, this presents a worthy opportunity to short the upper edge of the range.