Market Overview for io.net/Bitcoin (IOBTC) – October 4, 2025

• IOBTC declined from 4.81e-06 to 4.44e-06 over 24 hours, with 32.4% drawdown from the peak.
• Price found support at 4.44e-06, consolidating for 3.5 hours with minimal turnover and no further selling pressure.
• Volume spiked at 3.2k BTC at 17:30 ET, but no significant follow-through occurred.
• RSI reached oversold territory by 03:30 ET, hinting at a potential bounce.
• Bollinger Bands showed a modest contraction, suggesting possible range-bound behavior ahead.

The 24-hour candle for io.net/Bitcoin (IOBTC) opened at 4.73e-06 on October 3 at 12:00 ET and closed at 4.44e-06 on October 4 at the same hour. The price peaked at 4.81e-06 and bottomed at 4.44e-06, forming a bearish structure with notable volume at 17:30 ET. Total volume across the 24-hour period was approximately 24,908 BTC, with a notional turnover of $110,135 at current valuation assumptions.

Structure and pattern analysis showed a distinct bearish trend, with price testing 4.44e-06 multiple times before stabilizing. A long lower wick appeared at 04:45 ET, suggesting tentative buying. Key support levels include 4.44e-06 and 4.65e-06, while resistance remains at 4.68e-06 and 4.74e-06. A morning doji near 4.55e-06 and late-evening bullish pin-bar near 4.44e-06 signal possible reversal setups.

The 20-period and 50-period moving averages on the 15-minute chart remain bearish, with price below both. The 50-period MA is declining, indicating sustained bearish momentum. On the daily chart, the 50/100/200 MA lines are closely aligned below the 4.65e-06 level, reinforcing a bearish bias. MACD remained negative for most of the period, with RSI dipping into oversold territory after 02:00 ET, signaling potential near-term exhaustion of the downward move.

Bollinger Bands tightened between 03:00 and 07:00 ET, indicating reduced volatility and potential for a breakout. Price remained within the bands during this period, suggesting a consolidation phase. The 4.44e-06 close aligned with the lower band, reinforcing the strength of this support level. A breakdown below 4.44e-06 could trigger further volatility expansion and test the 4.35e-06 level, but the current setup appears more bullish on a retest.

Fibonacci retracement levels applied to the 15-minute move from 4.81e-06 to 4.44e-06 show key psychological levels at 38.2% (4.65e-06) and 61.8% (4.55e-06), both of which were tested with limited success. On the daily chart, a retracement of the recent 4.85e-06 to 4.35e-06 move places 4.61e-06 and 4.56e-06 in play as possible consolidation zones ahead of any further directional move. A close above 4.68e-06 would align with the 23.6% retracement level and suggest a potential bullish reversal.

Backtest Hypothesis
A backtesting strategy could focus on the 4.44e-06 support level, testing whether a long entry on a bullish pin-bar followed by a retest of 4.65e-06 RSI divergence could yield a short-term reversal. A buy signal could be triggered on a close above 4.55e-06, with a stop-loss just below 4.48e-06 and a target at 4.68e-06. This approach assumes that the bearish momentum is waning and that the RSI oversold condition supports a mean-reversion scenario. Historically, similar patterns have produced 3–7% returns within 24–72 hours.