12.16 Yitai Morning Analysis

Yitai's trend shows clear signs of fatigue. On the four-hour level, the price has forcefully dropped below the lower Bollinger Band, and the channel opening continues to expand, which is undoubtedly a strong signal of bearish momentum. In the daily chart, Yitai remains deeply trapped in a downward channel, with weak and ineffective rebounds, making it difficult to reverse the downward trend, and there are no signs of a stop in the decline on the chart.

In terms of operations, it is recommended to set up short positions near 2980 and 3020, with an initial target of 2880; if this level is broken, further targets could be set at 2700. #ETH走势分析 $ETH