Market Overview for Solayer/Bitcoin (LAYERBTC) on 2025-11-04

martes, 4 de noviembre de 2025, 10:10 pm ET1 min de lectura
LAYER--
BTC--

Summary
• Price fell from 2.20e-06 to 1.91e-06, closing at 1.98e-06 on elevated volume.
• Key support tested at 1.91e-06, with a bearish reversal candle suggesting possible short-term reversal.
• RSI indicates oversold conditions, while MACD shows bearish divergence.

Opening at 2.19e-06 on 2025-11-03 at 17:00 ET, Solayer/Bitcoin (LAYERBTC) reached a high of 2.20e-06 before dropping to a low of 1.90e-06. The pair closed at 1.98e-06 at 12:00 ET on 2025-11-04. Total volume for the 24-hour window was 182,511.44, with a notional turnover of 361.16.

Structure & Formations


The price formed a bearish reversal candle during the early morning hours, as it gapped down and closed near its low after a sharp intrabar drop. A potential support zone appears near 1.91e-06, where buying interest briefly emerged. A key resistance level is at 2.01e-06, where the price stalled multiple times.

Moving Averages


On the 15-minute chart, the 20-period and 50-period moving averages are bearishly aligned, with price below both. On the daily scale, the 50-period MA is near 2.03e-06, and the 200-period MA sits at 2.06e-06, suggesting a bearish bias.

MACD & RSI


MACD is negative and diverging from price action, confirming bearish momentum. RSI has fallen into oversold territory, suggesting the potential for a short-term rebound. However, RSI divergence from price highlights the risk of further downside.

Bollinger Bands


Price recently tested the lower Bollinger Band at 1.90e-06 and has since remained within the channel. Volatility appears to be stabilizing, with no clear signs of a breakout from the band at this time.

Volume & Turnover


Volume surged during the critical sell-off between 21:15 and 00:00 ET, with the highest turnover seen at 67,681.4 units on 2025-1104 001500. Price and turnover are aligned in the bearish move, indicating strong conviction in the downward move.

Fibonacci Retracements


On a 15-minute swing from 2.20e-06 to 1.90e-06, 61.8% retracement is at 2.06e-06, which aligns with the 200-period MA as a potential resistance. A 38.2% retracement is at 2.03e-06, which may offer a short-term hurdle.

Backtest Hypothesis


Applying a technical backtesting strategy to LAYERBTC would require precise rules. Entry could be triggered by RSI above 70 (overbought) and a bearish engulfing pattern. Resistance levels could be defined as the most recent swing high or Bollinger upper band. A stop-loss below a key support or Fibonacci level could manage risk. Execution using close prices would align with daily trading patterns observed in the recent volatility.

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