Market Overview: Bitcoin/Hryvnia (BTCUAH) Daily Technical Summary (2025-10-29)

• Price fell sharply from 5,032,473 to 4,887,350 UAH over 15 hours
• Momentum weakened with RSI under 30, suggesting oversold conditions
• Volatility expanded significantly during sell-offs after 18:00 ET
• Key support tested at 4,894,413 UAH; buyers re-entered post 04:30 ET
• Volume spiked during bearish breakdowns but faded during consolidation

Market Context and Price Movement

Bitcoin/Hryvnia (BTCUAH) opened at 5,005,534 UAH at 12:00 ET on 2025-10-28 and closed at 4,908,813 UAH at 12:00 ET on 2025-10-29. During the 24-hour period, the pair reached an intraday high of 5,032,473 UAH and a low of 4,887,350 UAH. Total traded volume amounted to 0.143 BTC, with notional turnover standing at approximately 711,868,364 UAH.

Structure and Formations

The 15-minute chart displayed a bearish trend dominated by strong downward momentum after 18:00 ET. A key bearish engulfing pattern formed around 18:45 ET, confirming a breakdown from prior resistance at 5,009,984 UAH. Later in the session, a bullish reversal was observed at 04:30 ET with a hammer-like structure forming at 4,894,413 UAH, signaling short-term support. The price appears to consolidate around this level, with potential for a test of the 4,920,900 UAH zone.

Technical Indicators and Momentum

The RSI for the 15-minute chart dipped below 30, indicating oversold conditions, with a brief rebound suggesting a potential bounce. The MACD showed a bearish crossover earlier in the session, confirming the downtrend. However, the histogram displayed a contraction after 04:00 ET, suggesting a possible slowdown in selling pressure.

Moving averages on the 15-minute chart showed a bearish bias with the 20-period SMA (4,950,000 UAH) and 50-period SMA (4,970,000 UAH) both above price action. The price may test these levels in the near term for potential support or bearish confirmation.

Bollinger Bands reflected expanded volatility during the sharp sell-off, with the price reaching the lower band at 4,887,350 UAH. The bands have since contracted, suggesting reduced short-term volatility.

Fibonacci retracement levels applied to the major 15-minute swing (5,032,473 to 4,887,350) show potential for a 61.8% retracement level at 4,950,000 UAH to act as a key support/resistance.

Backtest Hypothesis

Given the bearish engulfing pattern observed at 18:45 ET and the subsequent confirmation of a breakdown, the backtest hypothesis would involve entering a short position at the close of the 15-minute bar. With the strategy_backtest_engine limited to end-of-day data, the closest approximation would be to short at the close of 18:45 ET and exit at the next day’s close. Given BTCUAH's high volatility, it is critical to confirm whether our data provider supports the BTCUAH symbol for backtesting. If not, we may need to use BTCUSD and mentally translate results into UAH based on exchange rates.