Market Overview for Bitcoin/Eurite (BTCEURI) – 2025-09-05

• Price surged from 93,997 to 96,610 before retreating to 96,156 at 12:00 ET
• Momentum remains positive with RSI near overbought
• Volatility expanded through Bollinger Bands amid strong volume
• Key resistance at 96,610 and support at 95,170 defined range
• Fibonacci retracement levels confirmed pullback from 96,610 to 95,170

At 12:00 ET on 2025-09-05, Bitcoin/Eurite (BTCEURI) opened at 93,996.76, surged to a 24-hour high of 96,610, and closed at 96,155.64. The pair traded within a 2.67% range, with total volume of 13.85 BTC and turnover of 1.336 billion EUR over 24 hours.

The structure of the 15-minute candles showed a strong bullish bias from 16:00–23:00 ET, followed by a consolidation phase through the early morning. Key support levels at 95,170 and 94,630 and resistance at 96,610 and 96,100 were tested and held. A long bullish engulfing pattern at 22:30 ET confirmed a strong continuation of the upward leg. However, a bearish divergence appeared in the RSI near 96,610, suggesting possible profit-taking.

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover early in the session, reinforcing the upward momentum. On the daily timeframe, the 50-period MA crossed above the 100-period MA, indicating a medium-term bullish bias. MACD showed a strong positive divergence, with the histogram expanding after the 22:30 ET surge, reinforcing the bullish narrative. RSI reached 80 in the early morning session, signaling potential overbought conditions and a possible correction.

Bollinger Bands expanded significantly during the rally, with price reaching near the upper band around 07:15–08:00 ET, reflecting heightened volatility. Price action later pulled back to mid-band levels during consolidation. The volume profile showed strong buying pressure during the late-night rally, with a 2.2-hour period from 22:30–00:45 ET accounting for over 65% of the total turnover. Notably, the price and volume aligned well with Fibonacci retracement levels from the key swing high of 96,610 to the swing low of 95,170, confirming a 78.6% retracement at 95,915.97 as a possible pivot.

Backtest Hypothesis

A potential backtest strategy for BTCEURI could involve entering long positions when price breaks above the 20-period moving average on the 15-minute chart and confirming with bullish engulfing patterns or hammer formations. Exit signals could be triggered by overbought RSI (above 80) or when the price pulls back to the upper Bollinger Band. Given the strong volume during the 22:30–00:45 ET period and the Fibonacci alignment, this approach would have captured the bulk of the 24-hour rally with clear risk management levels.

A stop-loss could be placed at the most recent support level (e.g., 95,170), and take-profit levels could be aligned with key Fibonacci levels (e.g., 96,610, 96,904.97). This strategy integrates the price action, momentum, and volatility signals observed in the data and would likely perform well in a trending environment like the one seen in the past 24 hours.