Flux/Bitcoin (FLUXBTC) Market Overview – 2025-11-04

Summary• Price declined from 9.2e-07 to 8.9e-07 with moderate volume.• Key support tested at 8.8e-07, 8.9e-07, and 9.0e-07.• Turnover surged during 19:30–21:30 ET, confirming bearish momentum.

Opening Narration

At 12:00 ET on 2025-11-03, Flux/Bitcoin (FLUXBTC) opened at 9.2e-07 and traded between 8.8e-07 and 9.2e-07 over the next 24 hours, closing at 8.9e-07. Total volume was 44,255.91 and turnover amounted to ~$39,670.90, with increased activity observed in the 19:30–21:30 ET window.

Structure & Formations

The 15-minute chart reveals a steady bearish trend, with price consolidating between 8.8e-07 and 9.2e-07. Notable bearish engulfing patterns emerged at 18:30 and 20:45 ET, while a doji at 20:30 ET signaled indecision. Key support levels appear at 8.8e-07 and 8.9e-07, and resistance at 9.0e-07 and 9.1e-07.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward, indicating bearish momentum. While exact daily MA values are not available, the 24-hour downtrend suggests short-term bearish bias. The price may find near-term direction upon a cross above 8.9e-07.

MACD & RSI

The 15-minute MACD turned bearish during the late ET hours, confirming the downtrend. RSI, while not computed directly here, appears to have entered oversold territory around 8.8e-07, though volume and price suggest continued bearish pressure rather than reversal.

Bollinger Bands

Price remained within the Bollinger Band range, with a slight compression observed during the 17:00–18:30 ET window. After 19:30 ET, bands widened in line with increased volume and volatility, reflecting heightened short-term selling pressure.

Volume & Turnover

Volume spiked significantly at 19:30 and 21:15 ET, aligning with price declines to 8.9e-07 and 8.8e-07 respectively. Turnover mirrored this, with the largest trade volumes occurring during these sessions. The price-volume divergence was minimal, suggesting strong bearish conviction rather than exhaustion.

Fibonacci Retracements

Recent 15-minute swings suggest key retracement levels at 38.2% (8.9e-07), 50% (8.95e-07), and 61.8% (8.99e-07). A break below 8.8e-07 could trigger a test of the 61.8% level as a potential short-term floor.

Backtest Hypothesis

A backtest strategy for FLUXBTC might consider a short bias during bearish engulfing and doji patterns, with stop-loss placed above key resistance levels (9.0e-07, 9.1e-07) and take-profit at key support levels (8.8e-07). This approach would align with the observed bearish momentum and volume confirmation. However, due to limited historical data availability, validation of this strategy may require additional data or an alternative pair with greater liquidity, such as FLUX/USDT.