It is currently 3:30 AM Beijing time, and the spot price of ice sugar oranges is approximately ¥87,700. Although the market has not yet reached the ¥90,000 level, the overall trend remains downward, and the market is waiting for the next opportunity to short after a rally.

From the daily K-line chart, the highest price touched ¥88,980, and the lowest dipped to ¥87,265. Technical indicators show that the EMA moving average system remains in a bearish arrangement, with EMA15 approaching the ¥90,000 level, and the price has broken below the 0.786 Fibonacci retracement level (around ¥90,360). The MACD indicator is in a shrinking adjustment phase, with DIF and DEA lines diverging downward below the zero axis, indicating that bearish momentum still dominates. The lower band of the Bollinger Bands has moved down to around ¥85,500, with the K-line body hovering near ¥88,000. The resistance above and support below are moving downward simultaneously. The current pullback is not a reversal signal but rather provides a better shorting opportunity at higher levels.

The four-hour K-line repeatedly tests, with the price failing to sustain an upward move to EMA30 (about ¥88,700) and then falling back, subsequently breaking below EMA15 (about ¥88,100), with the lowest reaching ¥87,200, showing a continuous downward trend. The Bollinger Bands are opening downward, with support at around ¥86,600 and resistance at ¥89,670. The MACD green bars are weakening, but DIF and DEA are still operating below the zero axis, confirming a clear overall bearish trend. No need for excessive doubt.

In terms of trading strategy, follow the main trend, look for shorting opportunities during price rebounds, patiently wait for signals, execute according to plan, and stay calm during trading to respond confidently. #BTC $BTC