Bitcoin is oscillating back and forth, seemingly undergoing a 'deep adjustment' in the market. This fluctuation is not only about price volatility but also a test of market sentiment and a realignment of capital. Currently, Bitcoin is in a critical 'transition period,' with bulls poised to act and bears observing cautiously. Each time it hits the upper limit, market sentiment briefly surges, but during pullbacks, a large amount of capital enters the market to lower the price before pushing it up again.

This fluctuation may represent a technical consolidation in the market, especially against the backdrop of many countries gradually clarifying their cryptocurrency policies. Bitcoin's short-term volatility may be waiting for larger macroeconomic data or global events to determine the direction of its next breakout.

At the same time, this repeated oscillation gives investors time to adjust their strategies and optimize capital allocation. Bitcoin's 'oscillation dance' is, in fact, a process of market correction; perhaps it is gathering strength for the next significant fluctuation, waiting for the right moment to break through to a new price range.