Market Overview for Hashflow/Bitcoin (HFTBTC) on 2025-11-13

Summary• Price remained largely flat within a narrow range, consolidating near 4.1e-07.
• Volume was concentrated between 19:00 ET and 20:00 ET, with minimal activity overnight.
• No clear breakout or reversal patterns emerged in the 15-minute OHLCV data.

Market Overview

Hashflow/Bitcoin (HFTBTC) opened at 4.2e-07 on 2025-11-12 at 12:00 ET, reached a high of 4.2e-07, and closed at 4.1e-07 by 12:00 ET on 2025-11-13. The pair traded between 3.9e-07 and 4.2e-07 over the 24-hour period. Total volume amounted to 147,652.3, while total turnover was approximately 61.6 BTC.

Structure & Formations

The price action showed signs of consolidation, with a slight pullback to 3.9e-07 around 19:15 ET, followed by a modest recovery back to 4.1e-07 by 19:30 ET. No strong bullish or bearish candlestick patterns were observed, though a couple of neutral formations (e.g., doji, spinning tops) indicated indecision among traders. A key support level appears to be forming near 4.0e-07, with price bouncing off it on multiple occasions.

Moving Averages

Short-term moving averages (20/50) on the 15-minute chart showed a slight flattening trend, consistent with the sideways movement. The 50-period MA was slightly above price, indicating mild bearish bias over the last 15–50 periods. Longer-term daily MAs (50/100/200) were not visible in this 15-minute data set, but their direction would provide context for trend strength or weakness.

MACD & RSI

The MACD histogram showed little divergence, remaining close to zero, indicating weak momentum. The RSI hovered around 50, suggesting a neutral market without overbought or oversold conditions. This reinforces the idea of a range-bound environment with no immediate catalyst for a breakout.

Bollinger Bands

Price remained within the Bollinger Bands for most of the session, with minor fluctuations but no signs of a significant expansion in volatility. The narrow banding could suggest a potential breakout if volume and price action align in one direction.

Volume & Turnover

Volume was most active between 17:00 ET and 20:00 ET, peaking at around 19:30 ET with a large block of 26,078.8 units. Turnover was consistent with volume, without significant divergences between price and turnover that might suggest hidden selling or buying pressure.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from 4.1e-07 to 4.2e-07, price has tested the 61.8% retracement level at 4.05e-07 but has not broken it. A move below this level could signal bearish continuation, while a retest above 4.1e-07 could suggest a short-term rebound.

Backtest Hypothesis

Given the current price behavior and volume patterns, a backtest strategy could focus on identifying key support levels (e.g., 4.0e-07 or 3.9e-07) and testing the frequency and magnitude of price tests to these levels. Historical data suggests that HFTBTC has not yet tested levels as low as 4.0e-07, but as seen in the 19:15–19:30 ET pullback, it is approaching this area. To refine the backtest, it would be prudent to confirm whether the intended support level is 4.0e-07 or if a higher threshold (e.g., 4.0e-05 BTC) was intended. Clarifying this will ensure accurate event detection and improve the reliability of the backtesting results.