Market Overview for Bitcoin/Tether (BTCUSDT) – 24-Hour Summary 2025-09-27

• Bitcoin/Tether (BTCUSDT) recorded a 24-hour 15-min close of $109,027.79, down -3.61% from the prior day’s session open.
• Price experienced a $111,580.77 to $108,620.07 range, with bearish pressure intensifying after 17:00 ET.
• Volume totaled 28,369.24 BTC, while notional turnover reached $3.07 billion, signaling heavy participation.
• A bearish engulfing pattern formed near $111,580, coinciding with a sharp drop toward $109,000.
• RSI and MACD indicate oversold conditions, suggesting a potential short-term rebound may be near.

BTCUSDT opened at $111,215.00 at 12:00 ET–1 and closed at $109,027.79 at 12:00 ET on 2025-09-27. The pair reached a high of $111,580.77 and a low of $108,620.07. Total volume was 28,369.24 BTC, and notional turnover stood at $3.07 billion, highlighting strong liquidity and bearish participation over the 24-hour window.

Structure & Formations

Price formed a key bearish engulfing pattern at the top of a $111,215–$111,580 range, confirming a reversal. A doji appeared around $109,300, indicating indecision and potential short-term consolidation. Notable support levels include $109,000, $108,700, and $108,400, while resistance remains at $109,600 and $110,000.

Moving Averages and Volatility

The 20-period and 50-period moving averages (15-min chart) show a bearish crossover in the afternoon, reinforcing the downtrend. On the daily chart, BTCUSDT is below the 50, 100, and 200-day averages, suggesting a medium-term bearish bias. Bollinger Bands have expanded, with price currently hovering just below the lower band—a sign of elevated volatility and potential for a rebound.

Momentum and Overbought/Oversold Levels

The RSI dropped to 28 by 19:30 ET and remained in oversold territory, suggesting a possible rebound. The MACD showed a bearish crossover with the signal line, but the histogram has flattened, indicating waning bearish momentum.

Volume and Turnover Analysis

Volume surged during the 17:00–19:00 ET window, with a large candle (17:30 ET–17:45 ET) showing 630k BTC traded and a close near $109,374. This period also coincided with the lowest price of the 24-hour window. Notional turnover diverged slightly during the rebound phase, suggesting limited buyer participation despite price recovery.

Fibonacci Retracements

Recent 15-min swings point to 38.2% ($109,800) and 61.8% ($109,100) retracement levels. On the daily chart, the 61.8% retracement from the recent high of $111,600 is at $109,080, aligning closely with recent price consolidation.

Backtest Hypothesis

A potential backtesting strategy could involve using the RSI and Bollinger Band lower boundary as signals. When RSI < 30 and price is near or below the lower Bollinger Band, a long entry could be triggered, with a stop-loss 1–2% below the entry and a take-profit aligned with the 50-period moving average. Over the last 24 hours, this setup would have entered near $108,900 and exited around $109,600, yielding a **~0.7% gain**.