Market Overview for Bitcoin/Eurite (BTCEURI) – October 3, 2025

• Bitcoin/Eurite surged to a high of 104,089.57 EUR but faces bearish pressure with a 24-hour low of 101,615.13 EUR.
• Momentum is mixed, with RSI showing overbought conditions and MACD signal divergence near 103,000 EUR.
• Bollinger Bands widened in the final hours, signaling heightened volatility and potential for a breakout or reversal.
• Volume spiked near the high, but price failed to hold above 103,500 EUR, raising bearish concerns.
• Fibonacci retracements at 102,700 EUR and 103,600 EUR are key watchpoints for short-term reversals or continuations.

Bitcoin/Eurite (BTCEURI) opened at 102,097.14 EUR on October 2, 2025 (12:00 ET – 1), surged to an intraday high of 104,089.57 EUR, and closed the 24-hour period at 104,089.57 EUR (12:00 ET). The pair traded within a 15-minute OHLC range of 101,615.13 EUR to 104,089.57 EUR. Total volume amounted to 10.54 BTC, with notional turnover reaching 1,087,615.85 EUR.

Structure & Formations

The 15-minute chart reveals a complex bearish reversal pattern following a bullish breakout. A strong bullish impulse pushed prices above 103,000 EUR, but the subsequent bearish engulfing pattern at 103,500 EUR suggests a loss of momentum. Key resistance levels include 103,500 EUR and 103,000 EUR, with 102,700 EUR emerging as a critical support level. A doji formed near 102,600 EUR, signaling indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, hovering around 102,900 EUR, indicating a neutral bias. On the daily chart, the 50-period moving average is trending upwards but remains below the 200-period line, suggesting a potential consolidation phase before a breakout or pullback.

MACD & RSI

The MACD line crossed into positive territory during the initial bullish phase but began to diverge from the price action as the bearish pressure emerged. The RSI reached overbought levels above 70 during the high near 104,089.57 EUR, followed by a sharp decline, indicating a possible overextension. A reading below 40 suggests increasing bearish momentum for the near term.

Bollinger Bands

Bollinger Bands expanded significantly in the final 6 hours of the 24-hour period, indicating heightened volatility. The price spent the final 3 hours of the session near the upper band, suggesting a strong bullish attempt. However, the failure to close above the upper band may signal a potential reversal or consolidation phase.

Volume & Turnover

Volume spiked during the final 3 hours of the session, particularly around 104,000 EUR, as large bullish candlesticks emerged. The notional turnover followed a similar pattern, peaking during this period. A divergence between rising price and decreasing volume in the prior 6 hours suggests weakening buyer participation.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing from 101,615.13 EUR to 104,089.57 EUR, key levels include 102,700 EUR (38.2%), 103,600 EUR (61.8%), and 104,000 EUR (78.6%). The price has retested 103,600 EUR twice and is likely to continue oscillating within this range before finding a directional bias.

Backtest Hypothesis

The backtest strategy described is based on a breakout-followed-by-reversal model, aiming to capture short-term momentum changes. It enters a long position when price closes above the 15-minute 50-period moving average and RSI is below 40, then exits on a bearish engulfing pattern or when price breaks below the 20-period moving average. Given today’s 15-minute data, the strategy would have entered a long at 102,600 EUR but would have exited early due to the doji and the divergence in MACD. The failure to hold above 103,000 EUR and the bearish engulfing pattern validate the strategy’s exit rules, making it a low-risk, high-reward setup for short-term traders.