Market Overview: APTBTC (Aptos/Bitcoin) 24-Hour Technical Summary

Summary
• Price drifted lower, testing key support levels during volatile intraday swings.
• Momentum weakened as RSI approached oversold territory, suggesting potential rebound.
• Volume surged in late-session bearish moves, signaling accumulation or profit-taking.

The APTBTC pair opened at 2.988e-05 at 12:00 ET − 1 and closed at 3e-05 at 12:00 ET, reaching a high of 3.074e-05 and a low of 2.951e-05 over the 24-hour window. Total volume traded was 25,812.21, with notional turnover standing at 0.756 BTC. The price action reveals a bearish bias, with price testing key support and resistance levels multiple times.

Structure and formations over the 15-minute chart show a series of lower highs and lower lows, suggesting a potential bearish continuation. A key support level appears to form around the 2.97e-05–2.98e-05 range, which was tested and held multiple times. A notable bearish engulfing pattern emerged around 15:00–15:30 ET, reinforcing the downward pressure. A doji formed at 05:00 ET, indicating indecision and potential reversal in the short term.

On the 15-minute chart, the 20-period and 50-period moving averages are both in a bearish alignment, with the 20 EMA crossing below the 50 EMA in early afternoon, reinforcing a potential bearish breakout. On daily charts, the 50, 100, and 200-period MAs are also in a downward trend, supporting a broader bearish bias. The MACD histogram shows a declining trend, reflecting weakening momentum, while the RSI has dipped into oversold territory around 29–31 in late hours, hinting at a possible near-term bounce.

Bollinger Bands reflect a moderate expansion in volatility, with price oscillating between the upper and lower bands. Late in the session, the price touched the lower band, suggesting oversold conditions that may trigger a short-term rebound. Volume spiked in the bearish moves after 15:00 ET, reinforcing the downward momentum. Notional turnover also increased during these moves, confirming the significance of the sell-off rather than just price alone.

Fibonacci retracement levels applied to the most recent 15-minute swing show that the 61.8% level is around 2.96e-05, currently acting as a key support. On the daily chart, the 61.8% retracement of the broader bearish move is near 2.94e-05, which could trigger a deeper pullback if breached. Traders may watch these levels for potential reversal or continuation cues in the coming session.

The APTBTC pair appears to be in a short-term bearish phase, but with signs of potential exhaustion in the form of an oversold RSI and a doji formation. While the bearish momentum is strong, a rebound off the 2.97e-05–2.98e-05 support could be imminent. The next 24 hours may bring a test of this zone, with a potential pullback or a continuation depending on volume and order flow. Traders should remain cautious as volatility remains elevated.

Backtest Hypothesis

To fully evaluate the potential of a backtesting strategy based on MACD Top Divergence events, it is essential to clarify key parameters. For Aptos/Bitcoin, we will use the ticker symbol APTBTC as provided. The backtest should include both APTBTC and BTCUSD.UDC to account for cross-market effects. For price type, we will use the close price, as it is most commonly used in such analyses. If no additional risk controls are specified, the backtest will proceed without stop-loss, take-profit, or maximum holding-day rules. Once these details are confirmed, we can begin detecting and evaluating all relevant events from 2022-01-01 to the present.