Market Overview for LayerZero/Bitcoin (ZROBTC) – 2025-10-30

• ZROBTC declined 0.43% over 24 hours, closing at 1.4e-05 after testing key resistance and support levels.
• Volatility expanded mid-session, with a 15-minute high of 1.52e-05 followed by a pullback below 1.49e-05.
• A bearish engulfing pattern formed near the 1.52e-05 peak, suggesting a short-term reversal.
• RSI remained neutral but below overbought levels, indicating a potential continuation of consolidation.
• Notional turnover spiked during the 18:30–20:15 ET window, coinciding with sharp price swings.

The LayerZero/Bitcoin (ZROBTC) pair opened at 1.49e-05 (12:00 ET − 1), reached a high of 1.522e-05, and closed at 1.4e-05 by 12:00 ET. The 24-hour low was recorded at 1.391e-05. Total trading volume amounted to ~59,484.09, with notional turnover reaching approximately 0.831 BTC-equivalent. Price action showed a bearish shift after midday, with a key high rejected and a pullback into consolidative territory.

Over the past 24 hours, ZROBTC displayed mixed technical signals. On the 15-minute chart, the price tested a 20-period moving average (around 1.495e-05) and a 50-period line (around 1.487e-05), with crossovers indicating weak momentum. A bearish engulfing pattern formed at the 1.52e-05 peak, signaling potential short-term reversal. The 50/200-period daily moving averages appear to have converged near 1.485e-05, suggesting a neutral zone for near-term direction.

MACD and RSI indicators remained neutral to bearish. The RSI hovered around the 50-level, avoiding overbought territory but remaining below 60, indicating a lack of strong bullish momentum. The MACD histogram showed a contraction in bullish momentum during the midday high and turned negative as the pair fell below the signal line. Bollinger Bands reflected increased volatility, with the price expanding beyond the upper band before retracting into the lower band. The mid-session 15-minute high at 1.522e-05 appears to have triggered profit-taking, pushing the pair into a consolidation phase.

The volume profile showed uneven distribution, with a sharp spike during the 18:30–20:15 ET window, coinciding with the 15-minute high and pullback. Notional turnover mirrored this, with heavy trading activity observed at the peak before a rapid decline. This divergence suggests a shift in sentiment, potentially signaling the end of a short-term bullish phase. Fibonacci retracements applied to the 1.49e-05 to 1.522e-05 swing suggest key levels to watch at 1.508e-05 (38.2%) and 1.497e-05 (61.8%), which could act as near-term supports or resistances.

Backtest Hypothesis
The absence of direct MACD data for ZROBTC poses a challenge in constructing a traditional death-cross-based trading strategy. However, given the current volatility and bearish pattern, a backtesting approach using custom MACD calculations—based on raw OHLCV data—could offer insights into past behavior of the pair during similar momentum shifts. If we can confirm the correct exchange and symbol pair, we could compute the MACD and test a hypothetical strategy based on death-cross signals (i.e., when the MACD line crosses below the signal line) over the 2022-01-01 to 2025-10-30 period. This would help assess the reliability of such signals in this illiquid or lesser-covered token pair. A potential extension of this backtest could include combining MACD with RSI or Bollinger Band divergence to refine entry and exit points.