6.18 Yitai Trend Analysis

Yesterday, Yitai's short position at 2680 perfectly reached the target at 2450, successfully capturing 230 points.

The daily K-line had a high of 2680 and a low of 2450, with the 0.382 Fibonacci support level to watch at 2425. The MACD divergence at the top trend still exists, with the DIF and DEA remaining above the 0 axis.

On the four-hour level, the EMA trend indicator has shown a bearish trend, the MACD has begun to decrease in volume, and the DIF and DEA have formed a dead cross indicating a bearish trend. Currently, there is significant support at the lower track, but the bearish momentum in the market has not disappeared, indicating there is still momentum for further bottom testing. Before that, it is recommended to wait for a pullback before opening a short position at the resistance level!

Operation Suggestion:

Yitai: Short in the range of 2550-2650, targeting lower at 2500-2450, and if it breaks, look at 2400$ETH .