Flow/Bitcoin Market Overview – 2025-11-01

• Price remains in a tight range between 2.35e-06 and 2.4e-06, with limited directional momentum
• Notable 15-minute bullish engulfing patterns emerged around 18:45–19:00 ET, suggesting short-term reversal attempts
• Volume spikes occurred during key swing moves, but turnover remains generally subdued
• Price appears to be consolidating near 2.37e-06, potentially ahead of a breakout or retest of prior levels

FLOWBTC opened at 2.4e-06 at 12:00 ET − 1 and closed at 2.4e-06 at 12:00 ET, trading between a low of 2.35e-06 and a high of 2.4e-06. Total volume for the 24-hour period was 66,437.86, with a total turnover of approximately $158,621.37 (using Bitcoin’s price of ~$65,000 as a proxy). The pair has shown low volatility and a lack of directional bias, suggesting a period of consolidation.

Structure & Formations

Price action over the last 24 hours has been characterized by a narrow range between 2.35e-06 and 2.4e-06, with several small bullish and bearish candlestick patterns emerging but lacking follow-through. A key bullish engulfing pattern was observed between 18:45–19:00 ET, followed by a brief rebound to 2.39e-06, but buyers have struggled to maintain that level. A potential key support zone appears to be forming near 2.37e-06, which has held multiple times. A breakout above 2.4e-06 or a breakdown below 2.35e-06 could signal a clearer direction.

Moving Averages and MACD / RSI

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned near 2.37e-06 to 2.38e-06, indicating a flat trend with no clear direction. The MACD has remained below the signal line, with no significant divergences, and the RSI has oscillated between 40 and 60, indicating neutral momentum. On the daily chart, the 50-period MA is also near 2.38e-06, and the 200-period MA lies just below it. RSI is at 55, suggesting neither overbought nor oversold conditions.

Bollinger Bands and Fibonacci Retracements

Bollinger Bands on the 15-minute chart have narrowed over the past 12 hours, signaling low volatility and a potential breakout. Price has hovered near the middle band, indicating no clear directional bias. Fibonacci retracement levels from the recent swing high of 2.4e-06 to the low of 2.35e-06 suggest that the 61.8% level is at 2.372e-06, where price has found support multiple times. A move above 2.4e-06 could test the 38.2% retracement at 2.39e-06.

Volume & Turnover Analysis

Volume activity has been uneven but shows spikes during key price swings, especially during the 18:45–19:00 ET and 07:30–08:00 ET periods. Turnover was highest during the 18:45–19:00 ET bullish engulfing pattern and the 07:30–08:00 ET rebound. Price and volume are aligned during these moves, suggesting real liquidity. However, recent volume has been muted, indicating a potential pause in market interest.

Backtest Hypothesis

Given the limited directional movement and several identifiable bullish engulfing patterns in the 15-minute OHLC data, a potential backtest strategy could focus on entries during confirmed bullish engulfing patterns with stops below the engulfing pattern’s low. A 48-hour holding period would allow for capturing potential follow-through in a bullish direction. However, due to the absence of a valid data source for FLOWBTC’s base asset information, a direct backtest cannot be performed without a recognized trading pair such as FLOW/USDT or FLOW/USD. Once a valid ticker is provided, a 48-hour backtest could be run using confirmed engulfing patterns as trade triggers.