6.5 Afternoon Yitai Board 🍜 Poetry Perspective

Yitai is weak and confirms a choppy range; in the afternoon, following the trend and going short is the way to go!
Looking back at the morning price action, it was weaker—ruthlessly suppressed right below the 1800 level. The bears were perfectly arranged, validating the early call.

The 4-hour chart shows a standard one-way downtrend channel. It has broken below the 1700 level and is currently hovering around 1667. The candlesticks are closing bearish in succession, with no resistance from the bulls. The MACD’s two lines are deeply diverging downward below the zero axis; although the green histogram bars show signs of shortening, momentum remains strong. This indicates the current selloff is in an accelerated bottoming phase, with no clear stop-the-fall signal.

Strong resistance overhead: 1720-1750 (rebound shorting zone).
Key support below: 1622 (previous low); if broken, watch 1600.

Trading suggestions:
1. Wait for a rebound into the 1720-1740 zone, enter short when it meets resistance. Set a stop loss at 1760, with targets at 1680 and 1622.
2. If it drops below 1650 on increased volume, follow with a lightly sized short targeting 1600. $BTC $ETH $SOL