Market Overview for Hashflow/Bitcoin (HFTBTC) on 2025-09-26

• Price drifted lower on a bearish trend with a 6.7e-07 to 6.3e-07 range
• No bullish momentum seen in RSI or MACD, suggesting weak buying pressure
• Volume spiked during key downside moves, indicating selling confirmation
• Price tested Fibonacci support levels multiple times, with recent pullbacks
• Low volatility indicated by narrow Bollinger Band contraction in late hours

The Hashflow/Bitcoin (HFTBTC) pair opened at 6.7e-07 on 2025-09-25 12:00 ET, drifted lower, and closed at 6.4e-07 as of 2025-09-26 12:00 ET, with a high of 6.7e-07 and low of 6.3e-07 over the 24-hour period. Total volume for the pair was 498,998.8 units, while notional turnover amounted to 256,571.4. The pair displayed a bearish bias, with volume confirming the downward drift and no strong reversal signals on the chart.

Structure & Formations

The 15-minute chart revealed a consistent bearish trend with price repeatedly failing to break above 6.5e-07, a level that appears to have formed a psychological resistance. Several bearish engulfing patterns were visible during key declines, particularly in the early evening hours of 2025-09-25. A notable doji formed at 6.4e-07 on the morning of 2025-09-26, indicating indecision but no reversal signal. A key support level at 6.4e-07 was tested and held, but failed to retrace meaningfully above it.

Moving Averages

Short-term moving averages on the 15-minute chart (20/50) remained in a downward slope, reinforcing the bearish momentum. The 50-period MA crossed below the 20-period MA in a bearish crossover, a sign of ongoing distribution. Longer-term averages (100/200) on the daily chart were not available, but the 50-period MA appears to be near a potential short-term support level at 6.4e-07, suggesting a possible continuation if the trend persists.

MACD & RSI

The MACD line remained negative throughout the 24-hour period, with the histogram shrinking slightly in the later hours of 2025-09-26, suggesting momentum may be slowing. However, the signal line was still above the MACD line, keeping the bearish signal intact. RSI hovered around 30–35, indicating oversold conditions, but without a convincing rebound, it appears that sellers are still in control. A reversal may occur if RSI breaks above 40 with increasing volume.

Bollinger Bands

Volatility remained low, with Bollinger Bands contracting in the latter half of the 24-hour period. Price remained within the bands but spent the majority of the time near the lower band, reinforcing the bearish trend. A significant break above the middle band would be a key trigger for bullish momentum, but it appears unlikely given the lack of buying pressure.

Volume & Turnover

Volume showed clear confirmation of the downward trend, with multiple spikes during key selloffs, particularly during the early evening of 2025-09-25 and the morning of 2025-09-26. Notional turnover followed a similar pattern, with a few instances where price moved lower despite reduced turnover—these could indicate short-term exhaustion. However, the overall volume profile supports the continuation of the bearish bias for the near term.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 6.7e-07 to 6.3e-07, the 61.8% retracement level is at 6.4e-07, which was tested multiple times and held as support. The 38.2% retracement at 6.5e-07 acted as resistance and was rejected on multiple occasions. This suggests the price may continue to consolidate near 6.4e-07 or test the lower Fibonacci levels if momentum continues to wane.

Backtest Hypothesis

Given the consistent bearish trend confirmed by volume, MACD, and RSI, a backtesting strategy could focus on short entries near 6.4e-07, with stop-loss above 6.5e-07 and take-profit at 6.3e-07. A Fibonacci-based approach using the 61.8% level as a dynamic stop-loss may enhance risk-reward. The strategy could also incorporate a RSI crossover above 40 as a potential exit trigger or reversal signal, with volume confirmation. While the pair appears to be in a short-term downtrend, a breakout above 6.5e-07 with increasing turnover could invalidate the strategy and suggest a reversal in momentum.