Market Overview: FLOWBTC — September 13, 2025

• FLOWBTC closed 0.28% higher at 3.70e-06, with a 24-hour high of 3.73e-06 and a low of 3.55e-06.
• Price formed a bullish morning star pattern after hitting a 24-hour low, suggesting potential short-term reversal.
• Volatility expanded after 09:00 ET with a sharp move to 3.69e-06, but volume was inconsistent during this phase.
• RSI showed overbought conditions at 61.5, while MACD remained bullish with a positive crossover.
• A key support level at 3.66e-06 was tested twice, with both rejections reinforcing its short-term relevance.

At 12:00 ET–1, FLOWBTC opened at 3.56e-06 and closed at 3.70e-06 by 12:00 ET on September 13, 2025, with a 24-hour high of 3.73e-06 and a low of 3.55e-06. The total notional turnover was approximately $16,132,679 (based on 15-minute OHLCV data) with a 24-hour volume of 113,469.91. The price action formed a bullish morning star pattern, suggesting a short-term reversal after a period of bearish consolidation.

Structure & Formations

The candlestick pattern on the 15-minute chart revealed a morning star formation, with a large bearish candle followed by a small-bodied doji and a strong bullish candle. Key support levels emerged at 3.66e-06 and 3.64e-06, both tested and rebounded from within the 24-hour window. A resistance level at 3.70e-06 appears significant, as it capped the price at the 12:00 ET close. A 61.8% Fibonacci retracement from the morning consolidation sits at 3.68e-06, aligning with a recent minor support-turned-resistance zone.

Moving Averages

Short-term moving averages on the 15-minute chart showed a bullish crossover between the 20-period and 50-period lines just before the morning star formation. On the daily chart, the 50-period line appears to be approaching a cross above the 100-period line, signaling a potential mid-term bullish bias. The 200-period line remains well below current price levels, indicating a divergence between short and mid-term momentum.

MACD & RSI

The MACD line crossed above the signal line at 08:00 ET and has remained positive since, with a bullish divergence in the histogram. RSI peaked at 61.5 during the morning rally, indicating overbought conditions but not yet extreme, which could allow for a continuation if volume confirms. Both indicators suggest that momentum remains in favor of the bulls, but caution is advised as RSI nearing 60 often triggers short-term corrections.

Bollinger Bands

Bollinger Bands expanded significantly during the 09:00–10:00 ET period, indicating increased volatility. FLOWBTC closed near the upper band at 3.70e-06, which implies a strong close relative to the 24-hour range. However, the band width contraction before this move suggests that the breakout was anticipated rather than a surprise, reducing the likelihood of a sharp continuation.

Volume & Turnover

Notable volume spikes occurred at 09:00 ET and 14:00 ET, coinciding with price moves toward 3.69e-06 and 3.70e-06, respectively. However, the 14:00 ET move was accompanied by low volume (113,469.91), suggesting a possible rejection of the 3.70e-06 level. A divergence between price and volume may indicate a weakening of the bullish impulse. Total turnover confirmed the volume increases, but turnover at the 12:00 ET close was lower than the midday peak, suggesting fading interest.

Fibonacci Retracements

Fibonacci levels from the morning consolidation (3.55e-06 to 3.73e-06) provided actionable support and resistance levels. The 38.2% retracement at 3.64e-06 acted as a key support, with a test at 15:30 ET and another at 15:45 ET both resulting in bullish rebounds. The 61.8% retracement at 3.68e-06 appears to be a critical area for the next 24 hours, where price may either consolidate or break through with conviction.

Backtest Hypothesis

Given the current setup of a bullish morning star pattern, a breakout above the 3.68e-06 Fibonacci level, and a positive MACD, a backtest strategy could be developed around a breakout-following system. The strategy would enter long when price closes above 3.68e-06 on a 15-minute candle with volume above 3,000 and a 2% stop loss below the recent swing low. This aligns with the observed momentum and supports the idea that a short-term bullish continuation is probable if the 3.68e-06 level is respected.