Market Overview: Quant/Bitcoin (QNTBTC) 24-Hour Technical Summary

• QNTBTC formed bearish reversal patterns late in the session, with a 61.8% Fibonacci level at 0.0008076.
• Volatility expanded in early trading but has since contracted, with price settling near the lower Bollinger Band.
• RSI indicates oversold conditions, while volume picked up during the late ET rebound.
• MACD showed a bearish crossover, reinforcing near-term downward pressure on the pair.
• Turnover spiked during a 19:00 ET rally, but price failed to hold above 0.0008206.

The QNTBTC pair opened at 0.0008204 on 2025-09-25 at 12:00 ET, reached a high of 0.0008275 by late ET, and closed at 0.0007939 at 12:00 ET-1. Total volume across the 24-hour period was 289.495 units, with notional turnover reflecting strong liquidity in key trading hours.

Structure formed around key levels, with a significant bearish engulfing pattern visible at 0.0008198–0.0008109 (16:45–17:00 ET). A doji emerged at 18:15 ET, signaling indecision, followed by a bullish candle at 18:30 ET, which attempted a breakout above 0.000816. However, bearish momentum regained control by 20:00 ET, leading to a retest of the 0.0008143 level. The 0.0008076 level (61.8% Fibonacci retracement of the 0.0008109–0.0008275 swing) became a notable support.

Moving averages for the 15-minute chart (20/50) suggest a bearish bias, with the 50-period line crossing below the 20-period line—a death cross. This reinforces the downward trend. Daily 50/100/200-period lines are not explicitly visible in the data, but price action suggests a retest of longer-term support is imminent.

MACD turned bearish, with a negative histogram and crossover below the signal line, aligning with the downward price action. RSI has reached oversold levels around 0.0007939, suggesting potential for a short-term bounce. Bollinger Bands show price settling near the lower band, with a recent contraction indicating reduced volatility and a possible reversal setup.

The notional turnover increased during the 19:00–19:30 ET rally but failed to confirm a breakout. This divergence between volume and price could signal a potential reversal. However, the low volume during the last 22:00–00:00 ET period indicates fading interest, which may limit further downside.

The Fibonacci retracement levels of the 15-minute swing (0.0008109–0.0008275) show key resistance at 0.0008216 (38.2%) and 0.0008242 (61.8%), with the latter having held briefly. The 61.8% level at 0.0008076 appears to have provided solid support during the session. A failure to hold above this level may trigger a test of the 0.0008040–0.0008035 range in the near term.

Looking ahead, the path of least resistance appears to be downward, with QNTBTC likely to consolidate near 0.0007939–0.0008046. A breakout above 0.0008206 could reinvigorate bullish sentiment, but bearish momentum remains dominant. Traders should be mindful of potential volatility if the pair retests the 0.0008076–0.0008143 range without clear volume confirmation.

Backtest Hypothesis
A potential backtesting strategy could involve entering short positions on the bearish engulfing pattern and doji formations observed near key Fibonacci levels (0.0008206 and 0.0008076). Stop-loss placement could be above the 0.0008242 resistance or at the upper Bollinger Band, depending on volatility. A take-profit target may align with the 0.0008035–0.0008040 support range. This approach would aim to capture the momentum shifts identified by the RSI divergence and MACD bearish crossover, while volume spikes could be used to validate or reject key price moves.