LayerZero/Bitcoin (ZROBTC) Market Overview for October 9, 2025

• Price opened at $0.00001957 and closed at $0.00001876, with a high of $0.00001982 and low of $0.00001869.
• A sharp bearish reversal occurred in late trading hours, with a large-volume candle signaling increased selling pressure.
• Volatility expanded during a late-night break higher but retracted sharply, suggesting potential bearish exhaustion near $0.00001980.
• RSI entered oversold territory, hinting at possible near-term support around $0.00001870–$0.00001880.
• Bollinger Bands constricted during midday, followed by a breakout and retest, indicating shifting momentum.

LayerZero/Bitcoin (ZROBTC) opened at $0.00001957 at 12:00 ET on October 8, reached a high of $0.00001982, and closed at $0.00001876 at 12:00 ET on October 9. The pair saw a total volume of 13,517.35 and a notional turnover of $2.584468 during the 24-hour period. The price action featured a late-night bearish reversal on high-volume candles, signaling increased conviction among sellers.

Over the past 24 hours, key support levels formed near $0.00001870–$0.00001880, while resistance remained prominent at $0.00001980–$0.00001982. A bearish engulfing pattern was observed late in the session, confirming the shift in sentiment. The 15-minute chart shows the price closing below both the 20-EMA and 50-EMA, reinforcing the short-term bearish bias.

text2img

Relative Strength Index (RSI) dipped below 30 during the final hours, suggesting oversold conditions and a potential bounce. However, the bearish momentum was confirmed by the MACD histogram, which remained negative throughout the session. Bollinger Bands showed a period of contraction midday, followed by a breakout and retest of the lower band, which indicates increased volatility and potential for continuation of the downtrend.

Fibonacci retracement levels from the recent swing high at $0.00001982 and low at $0.00001869 suggest key levels at $0.00001920 (38.2%) and $0.00001890 (61.8%). The price tested the 61.8% level and failed to hold, indicating bearish conviction. Volume spikes were evident during the late-night selloff, aligning with the bearish price action and confirming a lack of buying interest at higher levels.

text2visual

Looking ahead, ZROBTC may test the $0.00001870–$0.00001880 support zone and could potentially retest the $0.00001920–$0.00001930 level if buyers step in. However, investors should remain cautious of continued bearish momentum and potential breakdown below $0.00001869, which would validate a deeper correction.

Backtest Hypothesis
The backtest strategy outlined aims to exploit short-term reversals after RSI enters oversold territory and price breaks above the 20-EMA. A long entry would be triggered at the close of the candle breaking above the 20-EMA, with a stop-loss placed below the recent swing low. A target is set at the 61.8% Fibonacci level from the prior bearish swing. This approach aligns with the observed RSI divergence and bearish exhaustion pattern, but traders should remain wary of false breakouts and confirm volume trends to avoid whipsawing.

backtest_stock_component