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