Market Overview for Sleepless AI/Bitcoin (AIBTC) – 2025-11-01

• Price remained range-bound between $6.3e-07 and $6.8e-07 with minimal directional bias
• Volume surged during price attempts to break above $6.6e-07 but failed to confirm
• RSI hovered around neutral territory, indicating lack of overbought or oversold extremes
• Bollinger Bands tightened during consolidation, signaling potential for a breakout

Sleepless AI/Bitcoin (AIBTC) opened at $6.3e-07 (12:00 ET − 1), reached a high of $6.8e-07 and a low of $6.3e-07, and closed at $6.7e-07 as of 12:00 ET. The 24-hour total volume was 142,358.1, with a notional turnover of $95.65. The price action remained tightly consolidated, with no clear directional trend emerging.

Structure and formations show a lack of decisive candlestick patterns, with most candles forming flat or indecisive bodies. The price action did not produce a Doji or a confirmed Bullish/ Bearish Engulfing pattern. However, the most notable movement occurred around 06:45 ET and 08:00 ET, where price tested the upper bound of the range but failed to close above it, forming a bearish rejection pattern. A key support level appears to be forming at $6.6e-07, where multiple retests have stalled downward momentum.

The 20 and 50-period moving averages on the 15-minute chart remained closely aligned, hovering just above the price action. This suggests no immediate short-term trend but a potential bias toward sideways consolidation. The 50-period moving average on the daily chart is slightly above the current close, which aligns with the range-bound nature of the market. No clear crossover or divergence between the 50 and 100/200-period daily moving averages is observed.

The MACD remains in a near-zero range, reflecting the absence of strong momentum, while the RSI oscillated between 50 and 55 throughout the day, reinforcing the idea of equilibrium between buyers and sellers. Bollinger Bands have contracted significantly in the last 12 hours, signaling a potential for a breakout or breakdown. Price currently sits just below the upper band at $6.8e-07, suggesting buyers have shown some aggression but not enough to sustain an upward move.

Volume and turnover spiked at two key time points: 06:45 ET and 08:00 ET, coinciding with price attempts to break the consolidation range. These surges did not lead to significant directional moves, suggesting a lack of conviction from either buyers or sellers. The volume-to-price divergence observed in the morning indicates that the market may be at a turning point. Fibonacci retracements drawn from the recent $6.3e-07 to $6.8e-07 swing suggest potential support at 61.8% ($6.47e-07) and resistance at 38.2% ($6.65e-07), which aligns with recent price behavior.

The backtest hypothesis involves identifying Bullish Engulfing candlestick patterns in the AIBTC price data to signal potential entry points. A Bullish Engulfing pattern is defined by a large bullish candle that fully engulfs the previous bearish candle, often indicating a reversal in momentum. This pattern is typically validated when it occurs at or near key support levels and is accompanied by a surge in volume.

To execute a backtest, we would first need to confirm that “AIBTC” is the exact symbol used by the exchange or data provider. If not, we would require the correct ticker to retrieve the data. Alternatively, we could accept a direct JSON or CSV feed of historical OHLC data, which would allow us to detect the Bullish Engulfing occurrences manually and backtest the strategy against the provided time series.