The price has fallen below the short-term EMA, and the bearish alignment of moving averages makes the downward trend more obvious. The DIF and DEA have formed a death cross below the zero axis, and the bearish entity bars are still increasing, indicating that the bearish pressure is getting stronger. The 4-hour RSI has reached the oversold zone, and there may be a short-term rebound for correction, but the overall trend is still bearish. The price has been constrained by the downward trend line. Let's see if the 105000 level can hold, with the second support level at 104500, where a short position can be taken. However, the main direction is still to look for opportunities to go long at lower levels.
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