• #BTC Trading within a narrow range, the closing price is close to 1.28e-06, with minimal price fluctuations.
• No strong momentum signals observed, RSI remains neutral.
• Volatility remains subdued, with no significant expansion in the Bollinger Bands.
• Trading volume significantly decreased in the latter half of the 24 hours.
• No obvious candlestick patterns indicating a potential reversal have appeared.
SPACE ID/Bitcoin (IDBTC) opened at a price of 1.24e-06 on October 4, 2025, at 12:00 PM Eastern Time, reached a high of 1.32e-06, and closed at a price of 1.28e-06 on October 5, 2025, at 12:00 PM Eastern Time. The total trading volume within 24 hours was 220,000, with a nominal transaction amount of approximately $278.80. Price movements have generally maintained a range-bound fluctuation, with no clear signs of breaking above 1.32e-06 or falling below 1.24e-06.
15-minute OHLCV data shows a lack of directionality, with prices fluctuating narrowly in the 0.08e-06 range. Key support levels seem to be consolidating around 1.27e-06-1.28e-06, while resistance remains at 1.3e-06 and above. No significant bullish or bearish candlestick patterns have emerged, but a small bullish engulfing pattern appeared in the evening (Eastern Time), followed by a bearish retracement line in the early morning.
The RSI value remains neutral, fluctuating between 45 and 55, with no signs of overbought or oversold conditions observed. The MACD line shows slight divergence, indicating that the sideways trading pattern will persist. The Bollinger Bands exhibit low volatility, with prices staying in the middle range and no contraction/expansion events detected. The 20 and 50-period moving averages nearly overlap, further indicating a lack of momentum in the market.
The Fibonacci retracement levels of the recent swing high at 1.32e-06 and the low at 1.24e-06 highlight that 1.29e-06 (38.2%) and 1.27e-06 (61.8%) are key psychological price levels. Trading volume is concentrated in the 1.29e-06-1.3e-06 range, indicating some accumulation, but no significant breakout has occurred. The nominal trading volume in the latter half of the 24 hours has decreased, suggesting that trader interest is waning as the range consolidates.
Looking ahead, if the price tests key levels such as 1.29e-06 or 1.27e-06, trading volume may become active again in the next 24 hours. However, due to the lack of clear direction and the absence of differentiation in technical indicators, consolidation may continue. Traders should remain cautious and focus on confirming the breakout of the 1.32e-06 resistance level or the breakdown of the 1.24e-06 support level.
Backtesting hypothesis
The suggested backtesting strategy is to use the crossover of the 20-period EMA and the 50-period EMA on the 15-minute chart to capture short-term directional deviations. When the 20-period EMA crosses above the 50-period EMA, traders should build long positions; when the 20-period#EMA crosses below the 50-period EMA, traders should build short positions. Stop-loss should be set at recent swing lows/highs, and target levels based on Fibonacci extensions. Due to the small range of fluctuations and low volatility, this method has had limited opportunities in the past 24 hours. However, in a more dynamic market environment, when directional deviations are more pronounced, this system may provide profitable entry opportunities.
