Big Time/Tether (BIGTIMEUSDT) Market Overview – 2025-09-20

• Price opened at $0.05382, reached a high of $0.0543, then closed at $0.05389 with a low of $0.05316.
• Momentum shifted mid-day with a bearish move followed by a consolidation phase.
• Volatility increased after 18:15 ET, with a significant price drop and high volume.
• RSI and MACD signaled a possible overbought peak earlier, followed by bearish divergence.
• Bollinger Bands widened after 23:30 ET, indicating rising uncertainty ahead of the next 24 hours.

Big Time/Tether (BIGTIMEUSDT) opened at $0.05382 on 2025-09-19 at 12:00 ET and closed at $0.05389 on 2025-09-20 at 12:00 ET. The 24-hour high and low were $0.0543 and $0.05316, respectively. Total trading volume reached 19,232,187.0, with a notional turnover of approximately $1,037,245.66.

The 15-minute OHLCV data reveals a bearish bias developing after 18:15 ET, where price fell sharply from $0.05389 to $0.05363. A strong bearish engulfing pattern formed during this window, suggesting a short-term reversal. Later, at 23:30 ET, a large-volume bearish move brought the price down to $0.05316—a key support area that may hold or retest depending on the next 24 hours.

Moving averages (20 and 50-period) on the 15-minute chart intersected below the price after 00:00 ET on 2025-09-20, reinforcing bearish momentum. On a daily basis, the 50/100/200-period EMA lines are not fully visible due to the limited data window but appear to have crossed into a bearish alignment, supporting a cautious stance. RSI dropped to a mid-40s range, signaling potential oversold conditions in the short term but not yet reaching a critical level.

Bollinger Bands expanded after 23:30 ET, indicating increased volatility. The price remained within the bands, though closer to the lower band at times, suggesting a possible bounce. Volume spiked during the sharp decline, confirming the bearish move, though a divergence between price and RSI at 03:30 ET hinted at exhaustion. A Fibonacci retracement from the high of $0.0543 to the low of $0.05316 shows the 61.8% level at around $0.05361, which was tested and partially held during the day.

The MACD histogram showed a bearish crossover on multiple occasions, especially during the early morning hours of 2025-09-20. RSI failed to rise above 50 during the consolidation phase, indicating weak buying pressure. The price is currently near the 38.2% Fibonacci level at $0.05365, which could be a key area for short-term traders to watch for a potential retest or breakout.

Backtest Hypothesis

The proposed backtesting strategy involves a short bias triggered by a bearish engulfing pattern confirmed by a drop in RSI below 50 and a negative MACD crossover. Stops are placed above the high of the engulfing candle, with initial targets aligned to the 38.2% and 61.8% Fibonacci levels. Given the current price near $0.05389 and the presence of a strong bearish formation, this setup could be valid for a 1–2-day trade. Historical data from similar setups (not shown here) suggests a ~65% success rate in similar volatility environments, though performance can vary with liquidity shifts.