In the afternoon, trading Bitcoin contracts, the bears are clearly dominant. The 4-hour candlestick chart has formed a staircase descending wedge, with the high dropping from 107140 to 106800, and the low also decreasing from 105200 to 105000, fully controlled by the bears.

Looking at the moving averages, the short-term moving averages for the 5-period are all diverging downwards, preventing the price from bouncing back at all. The MACD fast and slow lines have been below the zero axis, and are widening further apart, indicating that the downward momentum has not weakened at all.

In terms of operation, it is recommended to mainly take short positions; when the price rebounds to around 106600 to 107200, a short position can be opened, aiming for a target of 105600, or even 104500 for those who are more aggressive. #币圈