Market Overview for Quant/Bitcoin (QNTBTC) – 2025-10-06

• QNTBTC consolidates after a sharp pullback, testing key support at 0.0008352.
• RSI signals oversold conditions, while volume remains muted, indicating a potential rebound.
• Bollinger Bands show moderate volatility, with price near the lower band, suggesting a possible reversal.
• MACD remains bearish but flattening, hinting at a slowing downtrend.
• Notable 15-minute patterns include a hammer near 0.000838 and a doji at 0.0008301.

Quant/Bitcoin (QNTBTC) opened at 0.0008389 on October 5 at 12:00 ET and reached a high of 0.0008449 before closing at 0.0008405 on October 6 at 12:00 ET. The pair traded as low as 0.000824 during the 24-hour period. Total trading volume amounted to 331.59, and notional turnover reached 275.75.

Structure & Formations

The pair exhibited a strong bearish bias early in the session with a decisive pullback from 0.0008449 to 0.000824, followed by a consolidation phase. A hammer candle formed near 0.000838 and a doji near 0.0008301 may signal a temporary pause in the decline. Key support levels at 0.0008352 and 0.0008286 appear critical, with 0.0008352 showing strong rejection of further downside. Resistance is currently at 0.0008405 and 0.0008429, which may need to be cleared for a meaningful bullish reversal.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are below current price action, reinforcing a bearish bias. The 50-period line is at 0.0008395, while the 20-period line is at 0.0008398. Both are slightly below the 12:00 ET close at 0.0008405, suggesting a possible retest of the 0.0008405 level.

MACD & RSI

The MACD remained in bear territory, with a slow histogram and a bearish crossover. The RSI dropped below 30, confirming oversold conditions, but has not shown a convincing bullish divergence. This suggests that while a rebound is possible, momentum remains weak. A strong close above 0.0008423 could trigger a more significant bullish shift.

Bollinger Bands

Volatility remains moderate, with the 20-period Bollinger Bands expanding slightly as price approaches the lower band. The current 20-period Bollinger Band is at 0.0008435 (upper) and 0.0008355 (lower), with the 12:00 ET close near the lower boundary. This position suggests a potential rebound toward the mid-band or even a breakout attempt.

Volume & Turnover

Volume remained relatively low in the morning, with a notable spike in the 15-minute period at 09:00–10:00 ET, coinciding with the 0.0008352–0.0008385 consolidation. Notional turnover increased slightly during this time as well, suggesting that the lower 0.0008352 level is attracting attention. However, divergence between price and turnover remains minimal, indicating that volume is not yet a strong enough signal for a reversal.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key 0.000824–0.0008449 swing, 0.0008352 aligns with the 38.2% level and 0.0008405 with the 50% level. The 61.8% level is at 0.0008429, which coincides with a recent high. A strong move above this level could indicate a resumption of the bullish trend. Conversely, a break below 0.0008352 may test the 61.8% level on the lower side, at 0.0008286.

Backtest Hypothesis

Given the current structure and indicator alignment, a potential backtesting strategy could focus on a long position entry on a close above 0.0008429 with a stop-loss placed at 0.0008405. The strategy would aim to capture a potential continuation of the bullish momentum from the morning consolidation phase. A profit target could be set at the 23.6% Fibonacci extension at 0.0008456 or the 38.2% level at 0.0008469. This approach would align with the MACD’s flattening trend and the RSI’s re-entry into neutral territory.