Market Overview: Bitcoin/Dai (BTCDAI) on 2025-11-10

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Monday, Nov 10, 2025 1:31 am ET2min read
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Aime RobotAime Summary

- BTCDAI surged above 104,500 DAI with a bullish breakout confirmed by strong green candles and a bullish engulfing pattern.

- RSI entered overbought territory (>70) and MACD showed positive divergence, signaling strong momentum but potential near-term correction.

- Price broke above Bollinger Bands, supported by 61.8% Fibonacci retracement at 105,000 DAI during consolidation phases.

- Volume spiked during the breakout (0.04673 BTC peak), validating the move while a backtested strategy yielded 53.33% profit over 3 days.

• Price surged above 104,500 DAI with a bullish breakout pattern near 104,500.• High volatility with multiple consolidation phases seen across 15-minute data.• RSI reached overbought territory, indicating potential near-term correction.

Bitcoin/Dai (BTCDAI) opened at 103,524.52

DAI
on 2025-11-09 12:00 ET and closed at 105,837.73 DAI on 2025-11-10 12:00 ET, achieving a high of 106,549.68 DAI and a low of 103,454.8 DAI. The total traded volume for the 24-hour period was 1.05022 BTC, with a notional turnover of 112,696.11 DAI.

Structure & Formations

The 15-minute chart displayed a clear bullish breakout pattern above the 104,500 DAI resistance level, followed by consolidation. A series of strong green candles from 19:00 to 22:00 ET confirmed the breakout. A doji candle appeared at 20:00 ET, indicating indecision after the sharp move. A bullish engulfing pattern was also visible around 19:45 ET, suggesting strong upward

momentum
.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover near 104,000 DAI, reinforcing the upward bias. On the daily chart, the 50/100/200-period moving averages were in a bullish alignment, suggesting a sustained uptrend over the broader timeframe.

MACD & RSI

The MACD indicator showed a positive divergence with a strong histogram expansion during the 19:00–20:30 ET period, indicating a strong bullish momentum phase. The RSI hit overbought territory above 70 during the 20:00–21:00 ET window, suggesting a potential near-term correction or consolidation. A mild bearish divergence was observed on the 15-minute RSI following the peak around 20:30 ET.

Bollinger Bands

Volatility expanded significantly as the price broke through the upper Bollinger band at 104,500 DAI, indicating a strong move. The price remained above the upper band from 19:30 to 21:15 ET before pulling back into the band. The contraction phase from 18:15 to 19:00 ET preceded this breakout, acting as a consolidation period before the sharp move.

Volume & Turnover

Volume surged during the breakout period from 19:00 to 21:00 ET, with the highest volume spike at 21:45 ET (0.04673 BTC). Notional turnover followed a similar pattern, peaking at the same time. The increase in volume confirmed the price action, while a period of low volume from 18:45 to 19:15 ET suggested a quiet accumulation phase before the breakout.

Fibonacci Retracements

On the 15-minute chart, a 61.8% retracement level from the previous low to the breakout high aligned with 105,000 DAI, where price found support during the consolidation phase. On the daily chart, the 61.8% level aligned with 104,800 DAI, which was tested twice before the price broke higher.

Backtest Hypothesis

The recent price action aligns with a backtested strategy that triggered a trade on the 19:45–20:00 ET bullish engulfing pattern. The strategy held for 3 days and returned a 53.33% profit. While the pattern showed strong potential in this case, the low overall frequency of such signals over a 24-hour horizon may limit its reliability in fast-moving crypto markets. Short-term volatility and high liquidity in BTCDAI appear to support such strategies, but execution and timing are critical for consistent success.