Market Overview for ZKsync/Bitcoin (ZKBTC) - 2025-11-09

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Sunday, Nov 9, 2025 6:13 pm ET2min read
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- ZKBTC surged above 5.6e-07 resistance, closing at 5.7e-07 after a sharp overnight rebound.

- Volume spiked to 238,546.3 with a bullish engulfing pattern as price rose to 5.9e-07.

- RSI hit overbought levels (70-75) while Bollinger Bands expanded then narrowed, signaling potential consolidation.

- 50-period SMA provided support and 61.8% Fibonacci level at ~5.7e-07 held during afternoon testing.

Summary
• ZKBTC opened at 5.6e-07 and closed at 5.7e-07, with a high of 5.9e-07 and a low of 5.3e-07.
• A sharp rebound occurred overnight, breaking above a key resistance near 5.6e-07.
• Volume spiked to 238,546.3 at midday, coinciding with a bullish engulfing pattern.

ZKsync/Bitcoin (ZKBTC) opened the 24-hour period at 5.6e-07 and reached a high of 5.9e-07 by the afternoon, before closing at 5.7e-07 at 12:00 ET. The low for the session was 5.3e-07. Total volume across the 24-hour window reached 3.16 million contracts, with a notional turnover of $1.84 million, driven by a sharp upward reversal in the early hours.

On the 15-minute chart, ZKBTC formed a bullish engulfing pattern as price surged from 5.6e-07 to 5.8e-07 between 08:00 and 08:15 ET. The 20-period EMA remained below the 50-period EMA, suggesting short-term bearish

momentum
, but the fast RSI rose into overbought territory (70–75) during the morning rally, indicating potential for a consolidation phase.

Bollinger Bands expanded during the morning surge, with price reaching the upper band at 5.9e-07 before retreating. A volatility contraction followed in the afternoon as the bands narrowed, signaling a potential breakout or breakdown in the near term. Volume and turnover aligned with the price action during the morning, but diverged slightly in the afternoon, with volume declining while price remained near key levels.

The 50-period SMA acted as a dynamic support level during the overnight and early morning sessions, and Fibonacci retracements highlighted a 61.8% level at ~5.7e-07, which was successfully tested and held in the late afternoon. This level appears to be a potential pivot for the next 24 hours.

Backtest Hypothesis
To build an accurate back-test I’ll need to pin down a few implementation details for the two rule-based triggers you mentioned:

  1. “MACD Top Divergence – Buy”
  2. Divergence definition: A classic “top (bearish) divergence” means price makes a higher high while the MACD line (or histogram) makes a lower high.
  3. Direction: A top divergence normally signals weakness (i.e., a short entry). You’ve asked to “buy” on that signal — please confirm this is intentional.

  4. MACD parameters: The standard (12, 26, 9) fast/slow/Signal EMA settings are common, but let me know if you prefer something else.

  5. “Sell at next resistance”

  6. How should we define “next resistance”? For example:
    a) The previous swing high inside the last N days (if so, what is N?), or
    b) A fixed percentage move above entry price (e.g., +5%, +10%), or
    c) Another rule you have in mind.

  7. Trade logistics

  8. Do you want to test only long trades (buy → sell) or also allow shorting?

  9. Any stop-loss, max holding days, position sizing, or other risk controls?

  10. Data specifics

  11. Please confirm the exact ticker (is it the SIX-listed crypto ETP “ZKBTC”, or another symbol?), and whether we should use daily close prices.

Once these points are clarified, I can pull the required MACD series, detect the divergence events, generate the entry/exit signals, and run the back-test from 2022-01-01 through today (2025-11-09), presenting the performance results.