Market Overview for Aptos/Bitcoin (APTBTC) – 2025-10-08

• APTBTC posted a 24-hour low of $0.00004207, with bearish momentum evident in closing below key support zones.
• RSI approached oversold territory, suggesting possible short-term rebound potential.
• Volatility expanded significantly, with Bollinger Bands widening after prolonged contraction.
• Volume surged at 10:30 ET, but failed to confirm a strong bounce, hinting at diverging buyer intent.
• Key resistance at $0.0000439–$0.0000440 appears robust, with potential for a test if bullish momentum resumes.

The Aptos/Bitcoin (APTBTC) pair opened at $0.00004322 on 2025-10-07 12:00 ET, peaked at $0.00004417, and traded as low as $0.00004207 before closing at $0.00004222 on 2025-10-08 12:00 ET. Total volume reached 58,650.84 APT, with notional turnover amounting to 2.49 BTC over 24 hours.

Structure and candlestick formations revealed a bearish bias, with a large bearish engulfing pattern forming after a failed attempt to break above $0.0000440. Key support levels were identified at $0.0000430, $0.0000425, and $0.0000420, while resistance held strong at $0.0000440 and $0.0000445. A long lower shadow at $0.0000430–$0.0000431 suggested rejection by sellers.

15-minute moving averages showed the price closing below the 20SMA and 50SMA, reinforcing the bearish sentiment. The 50-period MA on the daily chart crossed below the 100-period MA, signaling a potential bearish crossover. MACD showed a negative divergence with price during the morning hours, while RSI dipped below 30—suggesting an oversold condition but not a guaranteed reversal.

Bollinger Bands expanded in the late afternoon as volatility increased, with price hovering near the lower band at $0.00004207. This may indicate a potential bounce or a consolidation phase. Fibonacci retracements of the recent 15-minute swing showed key levels at 38.2% ($0.0000429) and 61.8% ($0.0000436), which may serve as near-term pivots.

Volume and turnover showed mixed signals. While total volume was above average, the highest turnover spike at 10:30 ET failed to produce a strong bounce, indicating a possible divergence. Price closed below this high-volume level, hinting at bearish control.

Looking ahead, a potential rebound off the $0.0000422–$0.0000423 zone could trigger a test of $0.0000430, but a breakdown below $0.0000420 would signal further bearish momentum. Investors should monitor the 50/100-day MA crossover and MACD for signs of a directional shift.

The backtesting strategy involves a mean-reversion approach triggered by a 15-minute RSI cross below 30 and a close below the 50-period EMA, with a target at the 38.2% Fibonacci level and a stop at the 61.8% level. This strategy leverages the recent oversold condition and failed resistance at $0.0000440 to identify potential short-term reversal opportunities.