Market Overview for SPACE ID/Bitcoin (IDBTC) on 2025-10-29

• IDBTC traded in a narrow range with a 24-hour high of $0.00098 and a low of $0.00096.
• No significant momentum shift observed, with RSI consolidating in neutral territory.
• Volatility remained subdued, and volume was minimal for most of the session.
• A slight dip in price occurred during the 20:30–21:30 ET window, but no strong reversal signals emerged.
• No bullish or bearish divergences were identified in price and volume behavior.

The SPACE ID/Bitcoin (IDBTC) pair opened at $0.00098 on October 28, 2025 (12:00 ET − 1), and traded within a $0.00002 range throughout the 24-hour window, reaching a high of $0.00098 and a low of $0.00096 before closing at $0.00098 on October 29, 12:00 ET. Total volume amounted to 75,773.0, with turnover remaining low due to the minimal price movement and limited trading activity observed.

On the 15-minute chart, price action was largely range-bound, forming a tight consolidation pattern without any clear bullish or bearish bias. The absence of significant volume during most of the session suggests low conviction among traders, with only a handful of high-volume candles occurring near key price levels. A small bearish impulse was noted during the 20:30–21:30 ET window, where volume spiked and price dipped to $0.00096, but this was quickly negated without a follow-through.

Looking at technical indicators, RSI remained in the 50–60 range, indicating neutral momentum and no overbought or oversold conditions. MACD showed little divergence from the zero line, reinforcing the lack of directional bias. Bollinger Bands remained constricted, pointing to low volatility and a potential buildup phase. No clear candlestick patterns—such as dojis, hammers, or engulfing patterns—were observed over the 24-hour period, suggesting that market participants were waiting for catalysts or external news.

Support levels were identified at $0.00096 and $0.00095, while resistance held at $0.00098 and $0.00099. Fibonacci retracements based on the recent swing showed key levels at 38.2% ($0.00097) and 61.8% ($0.000975), which the price touched but did not decisively break. Moving averages (20/50-period) were closely aligned with the price, indicating a sideways trend. Overall, the market appears to be in a waiting mode, lacking the impetus to break out in either direction.

Backtest Hypothesis

The backtest strategy provided involves utilizing RSI-14 data to identify oversold conditions and potential entry points for a 3-day-hold trading approach. Given that RSI for IDBTC has remained within a neutral range over the past 24 hours, the instrument is not currently in overbought or oversold territory. This means the backtest conditions for entry (e.g., RSI < 30) were not triggered during the recent period. For the strategy to be implemented, we need to ensure that we are analyzing the correct ticker symbol for the underlying asset. If “HOLD.P” is not recognized by the data source, we may need to use the primary ticker such as “HOLD” or verify that the symbol format is correct. Once accurate price data is obtained, the RSI(14) can be calculated, and entry and exit rules can be applied. This approach could provide insights into potential opportunities for a 3-day trading window and help assess the profitability of the strategy over historical data.