Qin Feng Morning Thoughts

The current trend for Yitai is bearish. On the four-hour chart, the price has been repeatedly blocked by key resistance levels, with weak rebounds. The MACD indicator shows a death cross and the green bars continue to expand, indicating strengthened bearish momentum. On the hourly level, it has broken through important support, and the moving average system is in a bearish arrangement. An effective rebound is unlikely in the short term; trading opportunities can be seized during rebounds, setting up short positions near resistance levels.

Yitai can short around 3700-3680, with a target near 3620 #姨太