Market Overview for APTBTC (Aptos/Bitcoin)

Summary
• APTBTC formed a bullish engulfing pattern near 1.813e-05, suggesting short-term buying interest.
• Price broke below 1.825e-05 after midday ET, confirming a bearish bias into 1.78e-05.
• High volume surge at 1.844e-05 signaled a failed breakout, indicating resistance.
• RSI reached oversold territory, hinting at potential near-term reversal or consolidation.
• Bollinger Bands contracted before a sharp decline, showing heightened volatility risk.

Aptos/Bitcoin (APTBTC) opened at 1.814e-05 on 2025-12-20 at 12:00 ET, peaked at 1.864e-05, and hit a low of 1.77e-05 before closing at 1.787e-05 on 2025-12-21 at 12:00 ET. Total 5-minute volume amounted to 29,259.93, with a notional turnover of 0.545 BTC.

Structure & Formations

APTBTC displayed a bullish engulfing pattern around 1.813e-05 but failed to sustain the move, instead breaking below 1.825e-05 following a large bearish candle. Key support appears to form near 1.77e-05, while resistance remains at 1.825e-05 and 1.844e-05. A doji near 1.83e-05 signals indecision and could mark a short-term pivot point.

Moving Averages

The price closed below the 20- and 50-period moving averages on the 5-minute chart, reinforcing bearish momentum. On a daily basis, the 50/100/200 lines are likely aligned lower, suggesting a continuation of the bearish trend.

Momentum and Volatility

Relative Strength Index (RSI) dipped into oversold territory below 30, indicating the pair could see a short-term bounce. However, the MACD remained bearish, with a negative divergence and bearish crossover.

Bollinger Bands showed a period of contraction before a sharp price drop, signaling elevated volatility risk.

Volume and Turnover

Volume surged during a failed breakout above 1.844e-05, showing aggressive rejection. Turnover remained elevated during the decline toward 1.78e-05, confirming bearish conviction. However, volume has dropped recently, suggesting consolidation or potential exhaustion.

Fibonacci Levels

The drop from 1.864e-05 to 1.78e-05 saw a 44% retracement at 1.825e-05 and 61.8% at 1.804e-05. The current price near 1.787e-05 could see a test of the 78.6% level at 1.773e-05, where a potential bounce might occur.

While APTBTC appears to have found short-term oversold conditions, the broader trend remains bearish. A recovery above 1.825e-05 could invite buyers back in, but a break below 1.77e-05 may open the door to further declines. Investors should monitor volume behavior and key Fibonacci levels closely over the next 24 hours.