Market Overview for Flow/Bitcoin (FLOWBTC) on 2025-09-11

• Price drifted lower in a range-bound pattern with a bearish bias in the last 24 hours.
• Key support at 3.58e-06 was tested, while resistance held near 3.65e-06.
• Volume was low for most of the period, with spikes during the afternoon and evening ET.
• RSI signaled oversold conditions twice, but price failed to rally above 3.64e-06.
• MACD remained below its signal line, suggesting continued bearish momentum.

FLOWBTC opened at 3.65e-06 on 2025-0910 12:00 ET, reached a high of 3.67e-06 and a low of 3.58e-06, and closed at 3.58e-06 on 2025-09-11 12:00 ET. Total volume traded over the 24-hour period was approximately 27,988.13 FLOW, with a notional turnover of roughly 0.1055 BTC.

Structure & Formations

Price action over the last 24 hours revealed a bearish consolidation pattern, with the price drifting between 3.58e-06 and 3.67e-06. Key support levels appear to be consolidating around 3.58e-06 and 3.61e-06, while the most immediate resistance is at 3.64e-06 and 3.65e-06. Notable candlestick patterns include a bearish engulfing pattern at the 05:00–05:15 ET time frame and a long lower shadow at 03:45–04:00 ET, which may signal a rejection of further bearish momentum. A doji formed at 00:15–00:30 ET, suggesting indecision near 3.62e-06.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages have both moved lower, confirming the overall bearish trend. Price has remained below both lines throughout the period. On the daily chart, the 50-period MA continues to trend slightly lower, while the 100-period and 200-period MAs remain stable. MACD remained below its signal line, with negative divergence in the histogram, reinforcing bearish momentum. RSI oscillated between 25 and 40 for much of the period, dipping into oversold territory multiple times, but failed to trigger a meaningful bounce. This may indicate weakening bearish conviction or a lack of buying interest at lower levels.

Bollinger Bands and Volatility

Volatility appears to have expanded in the early morning and late afternoon, particularly between 05:00–06:00 ET and 12:00–02:00 ET. Price moved outside the lower Bollinger Band multiple times, especially during the evening hours, indicating bearish expansion. The most recent contraction occurred between 08:00–10:00 ET, suggesting a potential consolidation period before the next move. Price has remained within the Bollinger Band range for most of the period but has not tested the upper band above 3.65e-06.

Volume and Turnover

Volume remained relatively low for most of the day, with notable spikes during the evening and early morning hours. The largest single-volume candle occurred at 05:00–05:15 ET with 6,958.52 FLOW traded and another at 12:45–01:00 ET with 9,531.81 FLOW traded. These spikes coincided with bearish price moves, suggesting institutional selling or profit-taking from short positions. Notional turnover also increased during these hours, but price failed to recover meaningfully, indicating weak buying pressure at current levels.

Fibonacci Retracements

Fibonacci retracement levels from the recent swing high of 3.67e-06 to the low of 3.58e-06 suggest key levels to watch: 3.63e-06 (38.2%), 3.61e-06 (50%), and 3.6e-06 (61.8%). Price has tested the 3.61e-06 level twice and is currently consolidating near the 3.6e-06 level. A break below 3.58e-06 would suggest a potential extension toward 3.55e-06, but the immediate focus remains on 3.61e-06 as a critical short-term level.

Backtest Hypothesis

Given the bearish momentum confirmed by the MACD and RSI, a possible backtesting strategy involves entering short positions during price bounces above key support levels such as 3.61e-06 or 3.64e-06. Stops could be placed just above the nearest resistance (e.g., 3.65e-06), with targets at the next Fibonacci level (3.6e-06 or 3.58e-06). A volatility-based strategy using Bollinger Bands could also be effective, with entries on breakouts below the lower band and exits when the MACD crosses back above its signal line. This approach aligns with the observed consolidation and could help isolate trades with high conviction.