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The four-hour chart of Yitai shows short-term oscillation with weakness. Moving averages: the price is below the 4-hour EMA50 (2950), with short-term EMA alignment indicating a bearish trend, and clear resistance above.
RSI: around 41, neutral leaning bearish, with bearish momentum dominant. Selling pressure has not eased, and rebound momentum is insufficient. MACD: the 4-hour bearish momentum is slightly converging but still below the zero line, with no effective golden cross. Trading volume is weak, making sustained rebounds unlikely.
Yitai Bearish Strategy: During rebounds to 2950-2960, encounter resistance and fall back with increased volume; consider light short positions, stop-loss above 2985, target 2850-2810. #ETH