Market Overview for Aptos/Bitcoin (APTBTC)

• APTBTC posted a 24-hour low of $2.951e-05, rebounding to close near $2.913e-05.
• A bearish breakdown from $2.99e-05 to $2.951e-05 was followed by consolidation and partial recovery.
• Volatility expanded significantly during the drop, with a volume spike near $2.951e-05.
• RSI and MACD appear to show oversold conditions, suggesting potential short-term bounce.
• A double-bottom pattern forms around $2.93e-05–$2.94e-05, with a potential rebound to $2.95e-05 as a target.

Aptos/Bitcoin (APTBTC) opened the 24-hour period at $2.978e-05, peaked at $2.993e-05, and hit a low of $2.951e-05 before closing at $2.913e-05. Total volume was 205,334.96, and notional turnover reached $5.85. The pair has been consolidating after a sharp sell-off, suggesting a possible near-term correction.

Structure & Formations

APTBTC has shown a clear breakdown from a key resistance zone near $2.99e-05 to a low of $2.951e-05. The price subsequently formed a double-bottom structure around $2.93e-05–$2.94e-05, which could serve as a potential support zone. A bullish engulfing pattern is visible near $2.92e-05, hinting at a possible short-term reversal. The 50-period and 20-period moving averages on the 15-minute chart have diverged, with the 50-period line sitting well above the 20-period line, reinforcing bearish pressure.

Volatility and Bollinger Bands

Volatility expanded sharply during the sell-off from $2.99e-05 to $2.951e-05, with the price moving well outside the lower Bollinger Band. Currently, the price remains near the lower band, indicating oversold conditions. A potential bounce could see the price re-enter the band's range, which would suggest a continuation of the consolidation phase.

Moving Averages and Fibonacci Levels

The 20 and 50-period moving averages on the 15-minute chart indicate a bearish trend, with the price below both lines. On the daily chart, the 50 and 200-period moving averages have widened their gap, suggesting a stronger bearish bias. Fibonacci retracement levels from the recent high at $2.993e-05 to the low at $2.951e-05 indicate a 38.2% level near $2.97e-05 and a 61.8% level around $2.96e-05. These levels may act as potential resistance if the pair attempts to rally.

MACD and RSI

The MACD histogram has been in negative territory for most of the period, reflecting bearish momentum. The RSI has fallen into oversold territory, dipping below 30 for a time, which could suggest a potential short-term rebound. However, the RSI has not shown a strong bullish divergence, meaning the bounce may be limited unless accompanied by a volume spike.

Backtest Hypothesis

To evaluate the potential of a short-term bounce from the current oversold levels, a backtest could be conducted based on RSI < 30 as an entry signal, holding for 5 days. However, due to the inability to recognize the ticker symbol “APTBTC,” the backtest requires confirmation on the correct ticker format. A common alternative, such as APTUSDT, could be used to validate the strategy’s effectiveness. Once the correct symbol is provided, the system can apply the rule-based strategy and analyze historical performance across the 24-hour timeframe.