Market Overview for LayerZero/Bitcoin (ZROBTC) – October 10, 2025 (12:00 ET)

• • LayerZero/Bitcoin (ZROBTC) closed lower after a choppy 24-hour session, with bearish momentum evident late in the session.
• • Price tested key support levels multiple times, failing to reclaim intraday highs despite moderate volume surges.
• • Volatility expanded in the afternoon before a sharp drop late, with RSI suggesting oversold conditions developing.
• • MACD trended lower, confirming the weakening price action, while Bollinger Bands showed a contraction into expansion phase.
• • Turnover was uneven, with two spikes in early and late ET, suggesting potential short-term trading activity and bearish conviction.

Opening Summary

LayerZero/Bitcoin (ZROBTC) opened on October 9, 2025 at 12:00 ET with a price of 1.879e-05 BTC, reaching a high of 1.905e-05 BTC before settling at a 24-hour close of 1.822e-05 BTC at 16:00 ET on October 10, 2025. The pair posted a low of 1.815e-05 BTC during the session. Total volume traded in the 24-hour period was 48,734.51 ZRO, with notional turnover reaching ~8.77 BTC, reflecting active but uneven participation across the session.

Structure & Formations

Price action in the ZROBTC pair was marked by several key resistance and support levels. The 1.88e-05 BTC level acted as a recurring resistance, with price failing to hold above it multiple times during the session. A bearish engulfing pattern emerged around 17:45 ET, signaling a potential shift in sentiment from bullish to bearish. Additionally, a long-legged doji formed around 09:00 ET, indicating indecision among traders. Key support was tested at 1.868e-05 BTC, where the pair bounced temporarily but eventually broke below after a weak close in the final hours.

Support & Resistance Levels (15-Min Chart)

• Strong Support: 1.868e-05 BTC
• Key Support: 1.854e-05 BTC
• Primary Resistance: 1.88e-05 BTC
• Key Resistance: 1.892e-05 BTC

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bearish crossover, confirming downward momentum. The 50-period MA, which had been flat earlier, began to slope lower in the afternoon, reflecting the broader decline. On the daily chart, the 50/100/200-period MAs were in a bearish alignment, with the 100-period MA acting as a dynamic resistance line.

MACD & RSI

The MACD histogram displayed a consistent bearish divergence, with the line trending below the signal line and moving further into negative territory by the close. RSI values dropped below 30 in the final hours, suggesting the pair may be approaching oversold territory. However, RSI failed to hold above 30 for long, indicating continued bearish pressure.

Bollinger Bands

Volatility expanded late in the session as price broke below the lower Bollinger Band, confirming a breakout to the downside. Earlier in the session, the bands had shown a contraction phase, indicating a period of consolidation before the sharp decline. Price action toward the end of the session was outside the lower band, signaling increased bearish momentum.

Volume & Turnover

Volume spiked during two distinct periods: first around 03:45 ET and again in the final hour of the session. Turnover mirrored the volume pattern but showed a more pronounced decline during the middle of the session. A bearish divergence was observed where volume increased during the decline but failed to sustain a meaningful bounce, indicating weak conviction from buyers.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci levels included 1.88e-05 BTC (38.2% retracement) and 1.862e-05 BTC (61.8% retracement). Price broke below the 61.8% level in the final hour, confirming a deeper bearish move. On the daily chart, the 61.8% retracement level at 1.854e-05 BTC was also broken, suggesting a potential extension to 1.835e-05 BTC.

Backtest Hypothesis

A potential short-term backtesting strategy could involve entering short positions when price breaks below the 61.8% Fibonacci retracement level and remains below the 50-period moving average on the 15-minute chart, with a stop above the 1.88e-05 BTC resistance level. This setup would aim to capitalize on the bearish momentum identified through both trend and momentum indicators. Given the recent break below key support and the bearish divergence in MACD, this strategy may offer favorable risk-reward ratios in the near term.