REQBTC Market Overview: 24-Hour Analysis for 2025-11-04

• Price remained in a tight range, fluctuating between 1.13e-06 and 1.19e-06.
• Volume surged at key turning points, confirming breakout attempts and pullbacks.
• Momentum indicators suggest sideways consolidation with no clear overbought or oversold signals.

Request/Bitcoin (REQBTC) opened at 1.14e-06 on 2025-11-03 at 12:00 ET and closed at 1.18e-06 on 2025-11-04 at 12:00 ET. The pair touched a high of 1.19e-06 and a low of 1.13e-06 over the 24-hour period. Total volume was 194,271.0, and turnover amounted to approximately 218.62 BTC equivalent.

The candlestick pattern for the 15-minute chart shows a sideways consolidation phase with several failed breakouts attempted in the 1.18e-06–1.19e-06 range. A notable volume spike occurred at 01:45 ET, coinciding with a high of 1.19e-06, suggesting increased interest at the upper boundary. Despite these attempts, price failed to hold above 1.19e-06, indicating potential resistance. The 20-period and 50-period moving averages on the 15-minute chart closely track the price, with no clear divergence, pointing to a continuation of the range-bound behavior.

MACD remained near the zero line, with a flat histogram, signaling a lack of directional momentum. The RSI oscillated between 45–55, with no overbought or oversold readings, reinforcing the idea of a neutral market. Bollinger Bands were relatively narrow, suggesting compressed volatility, though a slight widening began around 05:00 ET, aligning with a minor breakout attempt.

Volume and turnover showed a direct relationship, with peaks occurring during price consolidation and attempted breakouts, especially during the 01:30–02:00 ET and 09:30–10:00 ET periods. No significant divergence between price and turnover was observed, which supports the idea of genuine participation in price action.

Fibonacci retracement levels drawn from the low of 1.13e-06 to the high of 1.19e-06 indicated a 38.2% retracement at 1.164e-06 and a 61.8% retracement at 1.150e-06. Price found support at both levels during the early morning hours, suggesting they could remain relevant in the near term.

Backtest Hypothesis:
To operationalize the “resistance-breakout / hold-to-next-resistance” strategy for REQBTC, we can define resistance as the 50-period high on the 15-minute chart. A breakout is confirmed when price closes above this level. The exit rule could involve holding the position until the next higher resistance level (e.g., the 50-period high of the new range) is reached and then fails. Entry and exit would occur at the next period’s open for consistency. This approach would require a historical dataset of 15-minute OHLC data for backtesting from 2022-01-01 to 2025-11-04.

The forward-looking view for the next 24 hours suggests a potential test of the 1.19e-06 resistance level, but with current momentum indicators and volume profiles, it is uncertain whether the move will be sustained. Investors should monitor for a breakout above 1.19e-06 with increasing volume or a rejection below 1.16e-06, which could lead to a retest of earlier support levels.