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• Price opened at $1.66e-06 and closed at $1.62e-06, with a 24-hour low of $1.62e-06.
• Momentum remains subdued, with RSI indicating oversold conditions.
• Volatility has decreased, as seen by the narrowing of Bollinger Bands.
• Turnover spiked near the end of the session as price tested key levels.
The Flux/Bitcoin (FLUXBTC) pair opened at $1.66e-06 on October 2, 2025, hit a high of $1.67e-06, fell to a low of $1.62e-06, and closed at $1.62e-06 on October 3, 2025, at 12:00 ET. The 24-hour volume amounted to 38,417.03 BTC, with a total notional turnover of approximately $62.75 USD. The pair showed a consolidation phase, with bearish pressure becoming more evident in the latter part of the session.
Over the 24-hour period, key support levels were identified around $1.62e-06, with a cluster of small bearish and doji candles forming as price approached this level. Resistance appears to be building between $1.64e-06 and $1.65e-06, where the price failed multiple attempts to retest higher ground. The most notable pattern was a hanging man forming near $1.63e-06 at 0730 ET, signaling potential bearish exhaustion.
The 20-period and 50-period moving averages on the 15-minute chart show a bearish crossover, suggesting short-term bearish bias. MACD is in negative territory with a narrowing histogram, signaling fading momentum. RSI is below 30, indicating potential oversold conditions, though price has yet to reverse decisively. Bollinger Bands are relatively narrow, suggesting low volatility and a possible breakout. FLUXBTC is currently trading near the lower band, favoring a bearish bias.
Volume spiked near the $1.62e-06 support, with a large volume bar of 15,245.94 BTC at 1130 ET, suggesting accumulation. Notional turnover followed a similar pattern, indicating price and volume alignment. Divergence was not observed, though volume was relatively light in the early part of the session. Fibonacci retracement levels show 61.8% support at $1.62e-06, which was confirmed as a key price floor.
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