The current price of ice sugar oranges is around 73,000 (Beijing time 00:50). From a technical perspective, the bottom divergence structure is quite evident; however, the bearish momentum has not yet exhausted, and the market may need to break below the previous low before a turnaround can occur.

On the daily chart, the highest point before this report was near 77,000. The EMA trend indicator shows a downward divergence, forming a downward trend, with EMA15 already moving down to around 82,700. The MACD shows a decreasing bullish momentum, with DIF and DEA remaining below the zero line and no signs of convergence. The Bollinger Bands continue to open downward, with the lower band at 73,700; meanwhile, the SR indicator has entered an extreme oversold zone. These signals all suggest that there is still a possibility of further decline.

On the four-hour chart, the price has tested the support around the previous low of 72,900 again. The EMAs remain arranged downward, with EMA15 currently at 76,500. The MACD also indicates decreasing bullish momentum, with DIF and DEA forming a death cross below the zero line, maintaining a bearish pattern. The bottom divergence has persisted for several days, and short-term divergence often indicates a potential rebound after a bottoming process.

Overall, the main funds are still probing downward, and the market may need a correction. It is recommended to remain patient, wait for the price to effectively break below the previous low, and then look for opportunities to position for a northbound move at lower levels. #btc $BTC