Why do I insist on being bearish? The reason is simple:
1. From the daily to the 4-hour chart, every time it rebounds to key resistance levels, it gets pressed down hard and can't go up.
2. Several key indicators (MACD, KDJ, RSI) all show that buying strength is weakening, and the trend is turning weak.
The facts prove that this line of thought is correct:
Since Monday, I have shorted large contracts at 104500 and 107000, and shorted smaller contracts at 3580 and 3670. Yesterday, I even directly posted to short at 106500; even if the highest point of 107500 gets stuck, it doesn't trap much, and now hasn’t it all dropped down to 103200 and 3464?
I know that asking everyone to short while watching the price go up can be uncomfortable. Going long can also make money, but the premise is that the position must be right! How can you blindly chase long positions before clearly breaking through the obvious resistance level?
