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Summary
• BTCUAH broke key support at 4,050,834 UAH on increasing volume, signaling a bearish reversal.
• Price formed a long bearish candle at 04:45 ET, dropping below 4,040,000 UAH and triggering further decline.
• RSI shows oversold territory below 30, suggesting potential near-term rebound but weak bullish conviction.
• Volatility expanded with a 3.5% drop in 24 hours, yet volume remained muted, indicating weak conviction in the move.
• Bollinger Bands show price near the lower band, suggesting increased bearish pressure amid low volatility.
The Bitcoin/Hryvnia pair (BTCUAH) opened at 4,056,688 UAH and reached a high of 4,074,298 UAH before closing at 3,992,758 UAH at 12:00 ET. The 24-hour low was 3,981,243 UAH. Total traded volume was 0.02168 BTC, with a notional turnover of approximately 864,900,000 UAH.
Structure & Key Levels
The price formed a key bearish engulfing pattern at 04:45 ET when it dropped from 4,062,550 UAH to 4,062,550 UAH in the same session, later breaking below the 4,050,834 UAH support level. This level previously acted as a consolidation floor for several hours before the sharp decline. A potential next support target appears at 4,030,000 UAH based on the recent 38.2% Fibonacci retracement of the 4,074,298 to 3,981,243 move.
Momentum & Volatility
The RSI reached 28 by the end of the 24-hour period, indicating an oversold condition. However, given the absence of a strong rebound, this suggests weak bullish conviction. Bollinger Bands show price nearing the lower band, highlighting increased bearish pressure. Volatility expanded during the initial drop but has since remained low despite the sharp price action, indicating traders may be waiting for clarity.
Volume & Turnover Analysis
The total volume of 0.02168 BTC was concentrated in a few key downswings, notably during the 4,062,550 UAH break and the final 3,981,243 UAH drop. Turnover spiked during the 11:45 ET candle, where 0.00328 BTC traded at a high of 4,015,000 UAH before the price broke to the downside. The lack of strong follow-through volume suggests the bearish move may not hold in the near term.
Forward-Looking Outlook
Price may find temporary support at 4,030,000 UAH, but a break below 4,000,000 UAH could trigger further bearish momentum. Investors should closely monitor for a bullish reversal at key Fibonacci levels and increased volume for confirmation.

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