Market Overview for Heima/Bitcoin (HEIBTC) – 2025-09-22

• Price action saw a sharp selloff post-12:00 ET with bearish momentum intensifying by midday.
• Volatility spiked as price dropped from 3.69e-06 to 3.34e-06 during high-volume sessions.
• Key support at 3.34e-06 and resistance at 3.69e-06 were clearly tested during the period.
• RSI and MACD signaled overbought conditions early on, followed by oversold conditions after 12:00 ET.
• No notable candlestick patterns emerged, but volume surged alongside price declines, suggesting strong bearish conviction.

The Heima/Bitcoin (HEIBTC) pair opened at 3.6e-06 on 2025-09-21 at 12:00 ET and closed at 3.38e-06 on 2025-09-22 at 12:00 ET. The 24-hour high was 3.78e-06, and the low reached 3.14e-06. Total traded volume amounted to 155,132.3 units, with a notional turnover of approximately $0.555 USD, based on HEIBTC’s closing price and volume.

Price moved within a defined range between key support at 3.34e-06 and resistance at 3.69e-06. The 20-period and 50-period moving averages on the 15-minute chart showed a bearish crossover, reinforcing the downward trend. Bollinger Bands reflected a moderate volatility expansion in the late hours of the session, with prices consistently closing near the lower band, suggesting bearish bias.

The RSI dropped from overbought levels above 60 in the early session to oversold levels below 30 after the 06:15 ET candle, signaling exhaustion in the bearish move. MACD showed a negative crossover early on, remaining bearish for the majority of the session.

Volume surged during the most significant downswings, particularly between 06:15 ET and 06:30 ET, where over 100k units changed hands, confirming the strength of the downward move. A divergence between price and turnover was not observed, with both metrics aligning during the bearish phases.

Backtest Hypothesis

The backtest strategy involves a mean-reversion approach, entering long positions when price closes above the 50-period moving average and below the upper Bollinger Band. Short positions are initiated when price closes below the 50-period moving average and above the lower Bollinger Band. This strategy assumes that price is likely to revert to the mean within the defined volatility range, particularly between 3.34e-06 and 3.69e-06. A stop-loss is placed 3% beyond the nearest significant support or resistance level. The RSI’s overbought and oversold levels can be used to filter trade signals, ensuring trades are taken only when momentum is exhausted.