Market Overview for Bitcoin/Eurite (BTCEURI) – October 10, 2025

• Bitcoin/Eurite (BTCEURI) opened at $104,550 and closed at $105,073.38, with a 24-hour high of $105,950 and a low of $102,057.89.
• Price showed a bearish reversal in early ET, followed by a strong rebound after 21:00 ET, reaching a fresh high near $105,950.
• Volatility was elevated with a peak-to-trough swing of ~$13,892, and volume surged to 0.74107 BTC in a 15-minute candle.
• RSI crossed into overbought territory briefly, while MACD confirmed bullish momentum in the afternoon session.
• A key 61.8% Fibonacci level at $104,964.8 appears to have held during a sharp pullback, suggesting short-term support.

Bitcoin/Eurite (BTCEURI) opened at $104,550 at 12:00 ET on October 9, 2025, and closed at $105,073.38 by 12:00 ET on October 10. The pair touched a 24-hour high of $105,950 and a low of $102,057.89, with total traded volume of ~10.35 BTC and turnover of ~$1,085,000. The session was marked by choppy early action, a sharp sell-off after 17:00 ET, and a strong afternoon rebound.

The price action revealed a bearish inside bar formation early in the session before a bullish counter-trend rally pushed higher through the 20-period and 50-period moving averages. Notable candlestick patterns included a hanging man near $105,950 and a bullish engulfing pattern from $104,300 to $104,704.37. The 20-period EMA crossed above the 50-period EMA to confirm the upward shift in momentum.

MACD crossed into positive territory after 21:00 ET, aligning with the price rally, and RSI briefly entered overbought (70+) before pulling back. Bollinger Bands widened significantly during the afternoon surge, indicating heightened volatility. Price remained above the upper band for a short period, suggesting strong buying pressure. On the downside, support at $104,964.8 (61.8% Fibonacci retracement from the $104,550 to $105,950 move) held during the post-peak correction.

The 200-period daily moving average is currently at ~$103,600, with the 50-period daily MA near $104,300. While the 50-period MA is now below the 200-period MA, the recent rally suggests a potential near-term reversal. The 15-minute chart 20/50 crossover, combined with the RSI’s overbought signal, indicates a continuation of the rally could be short-lived unless volume sustains at elevated levels. A break below the 20-period MA (~$104,800) could trigger a deeper pullback toward the $104,000 level, while a sustained close above $105,500 could signal renewed bullish momentum.

Backtest Hypothesis
A potential backtesting strategy could involve a breakout of the Bollinger Band upper band on the 15-minute chart, combined with a 20-period EMA crossing above the 50-period EMA. This scenario was observed around 21:00 ET when price surged above the upper band. Entries could be placed after the breakout with a stop loss just below the lower band or the nearest Fibonacci support level. A target could be set at the 38.2% Fibonacci extension of the previous swing (from $104,300 to $105,950), which aligns with ~$105,200. Over the 24-hour period, this strategy would have captured ~$500–$600 in profit, depending on entry timing. However, the high volatility and sharp corrections later in the session suggest the strategy may need a trailing stop to protect gains and manage risk effectively.