BTCUSDT Market Overview: 24-Hour Breakdown as of 2025-08-26 12:00 ET

• BTC/USDT broke below key support at $110,000 amid strong selling pressure and a bearish engulfing pattern.
• Volatility surged with a 24-hour range of $10,528.89, and turnover spiked to $1.38B as the price declined.
• RSI oversold at 26 suggests short-term potential for a bounce, though bearish momentum remains intact.
• Bollinger Bands widened as the price traded near the lower band, reflecting heightened downside volatility.
• Volume increased during the selloff, confirming bearish sentiment and aligning with lower close price action.

BTCUSDT opened at $112,373.92 and traded as high as $112,937.25 and as low as $108,854.19 before closing at $109,666.34 at 12:00 ET. Total volume reached 13,894.17 BTC, with a notional turnover of approximately $1.38 billion, highlighting a period of intense selling.

Structure & Formations

A key bearish engulfing pattern emerged between 20:45 and 21:00 ET as BTC/USDT closed well below the prior bar’s open, confirming a shift in momentum. Support at $110,000 was decisively broken with a hammer-like structure forming at $109,666.34, suggesting potential short-term stabilization. Resistance remains at $112,645.65, a prior 15-minute high from earlier in the session.

Moving Averages

On the 15-minute chart, BTC/USDT closed below the 20-period (EMA 111,350) and 50-period (EMA 110,900) moving averages, reinforcing bearish bias. On the daily timeframe, the price remains below the 50-, 100-, and 200-day EMAs, indicating continued long-term bearish momentum.

MACD & RSI

The MACD crossed below the signal line in the morning, with negative divergence amplifying the bearish case. RSI dropped to 26, entering oversold territory, and may prompt a short-term bounce, though sustained upside remains unlikely without volume confirmation.

Bollinger Bands

Volatility expanded sharply after 19:30 ET, with Bollinger Bands stretching to a width of over $3,000. The price closed near the lower band at $109,666.34, signaling a potential short-term bottoming process. A retest of the $109,393.94 low may occur before a consolidation phase.

Volume & Turnover

Volume surged during the selloff between 19:30 and 21:00 ET, confirming the bearish move. Notional turnover spiked to over $300 million during the 15-minute period from 20:15 to 20:30 ET. Price and turnover aligned in bearish confirmation.

Fibonacci Retracements

Recent 15-minute swings indicate the $109,600–$109,900 range corresponds with the 61.8% retracement level from the $112,645.65 high to the $109,393.94 low. The 38.2% retracement at $110,800 remains a key level to watch for near-term resistance.

The price may consolidate near $109,600 before attempting a test of the 61.8% level. However, a break below $109,393.94 could trigger further bearish momentum. Investors should monitor volume for confirmation of any short-term bounce or renewed selling.