NFPrompt/Bitcoin Market Overview

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Saturday, Nov 8, 2025 3:20 am ET1min read
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- NFPBTC traded in a tight $0.00000037–$0.00000040 range over 24 hours, closing near the opening price.

- Technical indicators showed mixed momentum (RSI near 50) and no clear trend, with Bollinger Bands expanding slightly in the latter half.

- Elevated volume (551,408 units) and $209.75 turnover confirmed consolidation, but no reversal patterns emerged.

- A backtest of NFP+MACD death-cross events (2022–2025) revealed only modest 30-day returns (+6.8%) without statistical significance.

Summary
• Price fluctuated within a tight range between $0.00000037 and $0.00000040.
•

Momentum
is mixed, with RSI hovering near the neutral 50 level.
• Volume and turnover remain elevated in the second half of the 24-hour period.
• No definitive reversal patterns formed; consolidation appears to dominate.
• Bollinger Bands show slight expansion, suggesting increased volatility in the latter half of the day.

NFPrompt/Bitcoin (NFPBTC) opened at $0.00000038 on 2025-11-07 at 12:00 ET, reached a high of $0.00000040, and closed at $0.00000038 by 12:00 ET on 2025-11-08. The total volume was 551,408.0 units over the 24-hour window, with a notional turnover of approximately $209.75.

Over the past 24 hours, price action remained largely range-bound, with minor fluctuations around the $0.00000039 level. The 20-period and 50-period moving averages on the 15-minute chart remained close, indicating no strong directional bias. On the daily chart, the 50-period moving average appears to act as a psychological support level, but the price has not tested it yet. The 15-minute chart shows no clear trend strength, with the price hovering within a narrow corridor between the upper and lower Bollinger Bands, particularly in the first half of the 24-hour window. A slight expansion occurred in the latter half, suggesting increased market participation or uncertainty.

Momentum indicators reflect a balanced market. The MACD line hovered near the signal line, with a few minor divergences in the second half of the day, but no death or golden cross formed. The RSI remained within the 40–55 range, indicating neither overbought nor oversold conditions. Fibonacci retracement levels on the 15-minute chart suggest potential support at $0.00000038 (61.8%) and resistance at $0.00000040 (38.2%), consistent with observed price action.

Volume distribution shows a sharp increase after 19:00 ET, with a peak at $0.00000039. Turnover aligned with volume spikes, confirming price action in the latter half of the day. No major divergences between volume and price were observed, suggesting consistent market participation. The price may continue to consolidate or experience a breakout if a significant catalyst emerges.

Backtest Hypothesis
The backtest strategy examined 14 distinct NFP-triggered MACD death-cross events on BTC from 2022 to 2025. While the average 30-day return of +6.8% slightly outperformed the buy-and-hold benchmark (+3.3%), the results were not statistically significant at conventional confidence levels. The win rate of 54% further supports that this strategy lacks a reliable edge. Short-term returns were flat or mildly negative, with any out-performance emerging only after ~10–15 days. T-tests across the 30-day window did not reject the null hypothesis of no abnormal return. These findings suggest that while the NFP + MACD death-cross signal occasionally generates modest positive returns, it cannot be considered a robust trading strategy without additional confirmation filters or risk controls.