Market Overview for LayerZero/Bitcoin (ZROBTC) – September 20, 2025

• ZROBTC traded in a tight range overnight before surging to a 24-hour high of $0.00001739 near 15:30 ET.
• Price reversed from a bearish divergence on RSI and saw volume spikes during key breakout attempts.
• Bollinger Bands showed a contraction during consolidation and expanded sharply with increased volatility.
• Volume was uneven, with a notable $6,020.46 notional spike at 13:15 ET and a final $277.85 at 16:00 ET.

LayerZero/Bitcoin (ZROBTC) opened at $0.00001711 at 12:00 ET–1 and closed at $0.00001736 at 12:00 ET, reaching a high of $0.00001739 and a low of $0.00001674 over the 24-hour period. Total volume was 25,347.44 with a notional turnover of $4.36. The pair showed choppy overnight trading before a late-day rally on strong volume.

The 15-minute chart revealed a key resistance cluster between $0.00001735 and $0.00001739, tested and briefly broken during the 15:15–16:00 ET window. A bullish engulfing pattern emerged at $0.00001723–1739 at 15:30 ET, suggesting potential for a short-term rally. A doji at $0.00001737 at 16:00 ET may signal indecision.

The 20-period EMA was at $0.00001719 and the 50-period EMA at $0.00001723, both below the current price. On the 15-minute MACD, a positive crossover occurred at $0.00001725–1728 at 05:45 ET, confirming upward momentum. RSI reached 68 during the 15:30–16:00 ET period, indicating overbought conditions. Bollinger Bands showed a tight consolidation phase overnight before expanding sharply post-15:00 ET.

Fibonacci retracement levels from the overnight low to the intraday high highlighted a 61.8% retracement near $0.00001727 and a 78.6% near $0.00001735—both key support/resistance levels. Volume was uneven, with a massive $6,020.46 notional spike at 13:15 ET coinciding with a sharp drop to $0.00001692. A final $277.85 turnover at 16:00 ET capped the session.

Backtest Hypothesis

The backtesting strategy involves entering a long position on a bullish engulfing pattern followed by a MACD crossover above zero and RSI above 50, with a stop-loss below the 50-period EMA. This strategy aligns with today’s late-day surge, where a bullish engulfing pattern was confirmed by a MACD crossover and RSI crossing into overbought territory. A stop-loss at $0.00001725 would have preserved gains as the doji at 16:00 ET hinted at potential reversal.

Looking ahead, ZROBTC faces immediate resistance at $0.00001739 and support at $0.00001727. A breakout above $0.00001739 could aim for $0.00001745, but traders should watch for divergences and volume confirmation to avoid false breakouts. Risks remain on the downside if the 50-period EMA fails to hold.