On the morning of December 11th, the current market is clearly dominated by bears: the four-hour level shows an alternating downward pattern, with a large bearish candle directly breaking through the middle band of the Bollinger Bands. The short-term market has completely fallen under the control of bears, with bullish momentum exhausted and no ability to fight back. The overall pattern has officially turned weak.

The one-hour level is also showing a synchronized weakness: the market continues to decline in a downward channel, with bearish momentum continuously releasing and testing lower levels. The price has entered a new downward range; the MACD double lines are extending downward synchronously, with green bars below the zero axis continuing to expand, further strengthening the bearish signal. The core strategy is to focus on shorting at rebound highs, using key resistance levels to determine entry points.

The first contract's resistance is at 104000, with a target around 104800, looking down to around 102000, and breaking below to 100800.

The second contract's resistance is at 3510, with a target around 3550, looking down to around 3370, and breaking below to 3250.

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