Aptos/Bitcoin (APTBTC) 24-Hour Market Overview

• APTBTC declined by 0.6% over 24 hours amid increased bearish momentum and mixed volume distribution.
• Key support at 3.796e-05 held briefly, while resistance near 3.820e-05 failed.
• Volatility expanded overnight, with a sharp drop from 3.82e-05 to 3.782e-05.
• RSI suggests oversold territory, but volume divergence raises caution.
• Bollinger Bands widened, indicating heightened market uncertainty.

Aptos/Bitcoin (APTBTC) opened at 3.814e-05 on 2025-09-16 at 12:00 ET and closed at 3.777e-05 on 2025-09-17 at 12:00 ET. The pair reached a high of 3.828e-05 and a low of 3.779e-05 over the period. Total trading volume was 5,343.45, and notional turnover amounted to approximately 196.41.

Structure & Formations

Price moved in a bearish bias over the 24-hour window, with a notable breakdown from resistance at 3.820e-05 during the early hours of the morning. A key support level at 3.796e-05 was tested multiple times but showed mixed resilience. A long bearish candle formed around 05:00 ET, signaling a potential shift in sentiment. A potential bearish engulfing pattern formed during the morning session as price closed lower than the previous day’s low. A doji near 3.799e-05 at 03:45 ET suggested indecision.

Moving Averages

Short-term momentum appears bearish as the price closed below the 20-period and 50-period moving averages on the 15-minute chart. The daily chart shows the price below both the 50-period and 200-period MAs, reinforcing the bearish trend. A retest of the 50-period MA at ~3.803e-05 could offer a potential short-term bounce level, but a sustained break below 3.790e-05 would confirm a deeper correction.

MACD & RSI

The MACD line has turned negative and crossed below the signal line, signaling bearish momentum. RSI dipped into oversold territory at ~30 during the overnight hours, but volume failed to confirm a reversal, indicating possible further downside. Divergence between the RSI and price action suggests caution — a bearish continuation remains likely unless the RSI reclaims above 35 with increasing volume.

Bollinger Bands

Bollinger Bands expanded significantly during the overnight session, with price reaching as low as 3.779e-05. The recent price action has been highly volatile, with the price frequently breaching the lower band, suggesting heightened bearish pressure. A consolidation phase may follow if the price begins to trade within the bands again.

Volume & Turnover

Volume spiked during the morning break below 3.800e-05 and again at 05:00 ET during the sharp drop. Turnover mirrored the volume pattern but did not confirm a bullish reversal. A divergence between falling price and rising volume indicates bearish conviction. The largest single candle (542.3 volume) at 22:15 ET marked the top of the move and reinforced the bearish narrative.

Fibonacci Retracements

Fibonacci levels applied to the 15-minute swing show the 3.803e-05 and 3.796e-05 levels as 38.2% and 50% retracement points. On the daily chart, the 61.8% level lies at ~3.768e-05, which could serve as a potential target for further bearish movement if the current trend continues. A bounce above 3.803e-05 would negate the bearish case.

Backtest Hypothesis

The backtest strategy outlined focuses on identifying divergences between RSI and price action, particularly during strong bearish phases. This approach would have entered a short position on APTBTC during the overnight drop from 3.82e-05 to 3.782e-05, as the RSI bottomed below 30 without a corresponding price rebound. The strategy aims to capitalize on the bearish continuation by holding the short until a clear reversal is confirmed or a stop-loss is triggered. This aligns with the observed bearish engulfing and doji formations, offering a data-driven entry signal based on technical indicators.