Market Overview for Aptos/Bitcoin (APTBTC) on 2025-11-12

Summary
• APTBTC declined 2.7% in the last 24 hours, forming bearish engulfing patterns after hitting a high of $3.117e-5.
• Volume increased at key pullbacks, suggesting potential short-term support near $2.97e-5 to $3.01e-5.
• Momentum indicators signal oversold conditions at lower levels, hinting at possible near-term reversals.

Aptos/Bitcoin (APTBTC) opened at $3.109e-5 on 2025-11-11 at 12:00 ET and closed at $2.997e-5 on 2025-11-12 at 12:00 ET. The pair traded as high as $3.117e-5 and as low as $2.971e-5, with total trading volume of 13,032.81 and notional turnover of $3.98 BTC.

Structure & Formations
The 15-minute chart showed a bearish engulfing pattern around 2025-11-11 18:45 ET, signaling short-term bearish bias. A double bottom formation emerged near the $3.004e-5 level, suggesting a temporary pause in the downtrend. A key support zone appears to be consolidating between $2.971e-5 and $3.01e-5, with a bearish breakdown expected if $2.971e-5 is breached.

Moving Averages
On the 15-minute chart, the 20-period and 50-period SMAs both moved lower, confirming the bearish momentum. The daily chart (50/100/200) shows a clear bearish divergence, with the price trending below all three, reinforcing the likelihood of further downward movement.

MACD & RSI
The MACD crossed into negative territory and remained below the signal line, aligning with bearish momentum. The RSI touched oversold levels (below 30) around 2025-11-12 03:00 ET, indicating a potential pullback. However, the lack of a strong reversal candle suggests the bearish trend could persist.

Bollinger Bands
Volatility expanded significantly during the session, with prices hitting the lower Bollinger band multiple times. This indicates a strong bearish pressure and potential for mean reversion if the price pulls back toward the $3.01e-5 level.

Volume & Turnover
Volume surged during key price declines, especially from $3.117e-5 to $3.01e-5, confirming bearish conviction. Turnover also increased during those phases, with no clear divergence observed between price and volume.

Fibonacci Retracements
A key Fibonacci level at 61.8% of the $2.971e-5 to $3.117e-5 swing appears to be $3.042e-5. Prices have tested this level multiple times, with a breakdown likely if the support at $2.971e-5 fails.

Backtest Hypothesis
The “Bearish Engulfing” pattern emerged as a significant signal on several occasions during the 24-hour period, notably at $3.115e-5 and $3.023e-5. A backtest using these signals could provide insights into the effectiveness of shorting APTBTC after these formations. However, the exact exit rule must be clarified—whether closing the position at the next-day close or at the next-day open—before running the backtest. If APTBTC is the correct pair for testing, the results could guide a short-term trading approach; otherwise, APTUSDT may be a more suitable baseline for broader market validation.