Market Overview for Flow/Bitcoin (FLOWBTC) – 24-Hour Analysis

Summary
• Price surged from $2.30e-6 to $2.44e-6 amid strong buying pressure.
• Volume spiked late in the session with confirmation on higher highs.
• Momentum accelerated in the last 4 hours as RSI edged toward overbought.

The Flow/Bitcoin (FLOWBTC) pair opened at $2.30e-6 on 2025-11-06 at 12:00 ET and closed at $2.44e-6 on 2025-11-07 at 12:00 ET. The 24-hour high reached $2.44e-6, and the low settled at $2.30e-06. Total trading volume for the period was 156,880.69, while notional turnover amounted to $369.20. The price action reflects strong accumulation and limited distribution, especially in the late hours of the session.

Structure & Formations

Price action revealed a clear bullish continuation pattern on the 15-minute chart, with a sharp ascent after the 00:00 ET timeframe. A small bearish rejection candle at $2.38e-6 hinted at short-term support, which held through the night. No major bearish reversal patterns formed, but a potential bear trap could form if price pulls back to the 2.38e-6 level.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages both remained in bullish alignment, supporting the upward momentum. Daily moving averages (50/100/200) showed a mixed signal—50-period MA crossed above the 100-period MA, indicating a near-term bullish trend, while the 200-period MA still acts as a long-term resistance.

MACD & RSI

The MACD histogram showed a consistent expansion in the positive territory, with both lines trending upward. RSI approached 75 toward the end of the session, signaling a near-overbought condition. This suggests that a short-term correction could be imminent, though the overall bullish bias remains intact.

Bollinger Bands

Price remained near the upper band for most of the last 4 hours, indicating high volatility and strong buying pressure. A contraction in band width occurred earlier in the session, setting the stage for the breakout. The current price sits comfortably near the upper boundary, suggesting continued bullish momentum unless a bearish reversal forms.

Volume & Turnover

Volume surged to over 21,968 units at the start of the morning session, confirming the price breakout above prior resistance. Turnover spiked alongside this volume, indicating genuine conviction in the upward move. No major divergence between price and volume was observed, and both metrics aligned with the bullish narrative.

Fibonacci Retracements

Key retracement levels on the 15-minute chart include 2.42e-6 (61.8%), which was briefly tested before a push higher. On the daily chart, the 61.8% level at $2.38e-6 acted as support during a pullback but failed to halt the rally. The 78.6% level may provide a near-term ceiling if buyers lose momentum.

Backtest Hypothesis

To validate the potential for a bullish continuation, a backtest using a “Bullish Engulfing” pattern strategy could be deployed on the correct FLOWBTC trading pair. This would involve identifying the pattern on the 15-minute chart and holding for one full day to evaluate profitability from 2022 to the present. Given the strong volume confirmation and alignment with key moving averages observed in today’s action, this strategy may offer insights into the potential for a continuation bias. Once the correct symbol and exchange are confirmed (e.g., FLOW/USDT or FLOWUSD), the backtest can be executed to validate the hypothesis.