Market Overview for Scroll/Bitcoin (SCRBTC) – 2025-10-30

• SCRBTC consolidates near 1.31e-06 after a 24-hour low of 1.3e-06, with volume tapering in the final hours.
• A failed bullish breakout above 1.39e-06 suggests bearish continuation may persist unless buyers re-engage.
• RSI remains in neutral territory, with MACD flat — momentum is weak, but not oversold.
• Volatility has contracted, and Bollinger Bands are narrow, hinting at potential for a breakout.
• Key support at 1.31e-06 and resistance at 1.39e-06 frame a tight trading range with high bearish control.

The 24-hour trading session for Scroll/Bitcoin (SCRBTC) opened at 1.36e-06 on 2025-10-29 at 16:00 ET and closed at 1.31e-06 on 2025-10-30 at 12:00 ET. The pair touched a high of 1.41e-06 and a low of 1.3e-06, with a total trading volume of 156,807.4 and an estimated turnover of approximately 198.6 (in BTC equivalent). The action has been range-bound, with bearish momentum gaining control in the final hours.

Structure & Formations

Price has spent much of the day consolidating around the key support level of 1.31e-06, which coincides with a recent swing low. A notable bearish candle on 2025-10-30 at 14:30 ET (1.31e-06 open, 1.3e-06 close) suggests exhaustion on the long side. While no classic bullish engulfing or doji patterns emerged, the price has remained within a tight range, with bearish control evident in the last two hours of the session.

Moving Averages

On the 15-minute chart, the 20-period MA is slightly above the 50-period MA, indicating mild bearish momentum but without a clear crossover. On the daily chart, the 50-day MA is above the 200-day MA, suggesting a broader bullish trend, though this 15-minute session has weakened that signal. Price remains below both 15-minute moving averages, indicating short-term bearish bias.

MACD & RSI

The MACD has remained flat around the zero line, with the histogram shrinking, signaling a lack of momentum in both directions. RSI has been stable in the 40–50 range, suggesting neither overbought nor oversold conditions. This implies the market may be in a consolidation phase, with no immediate reversal likely unless a breakout occurs above 1.39e-06 or below 1.31e-06.

Bollinger Bands

Bollinger Bands have contracted significantly over the course of the session, with price moving closer to the lower band for much of the day. This compression suggests a buildup of volatility and a potential breakout or breakdown. The price briefly touched the upper band at 1.41e-06 but failed to hold, indicating bearish pressure remains strong.

Volume & Turnover

Volume spiked multiple times between 18:45 ET and 21:45 ET, with the highest volume at 25,205.9 on a candle that failed to hold a breakout above 1.39e-06. This suggests strong seller activity in the middle of the session. Turnover was largely in line with volume, with no major divergences noted. However, volume tapered off in the final hours of the session, signaling a lack of conviction in either buyers or sellers.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 1.3e-06 to 1.41e-06, the 61.8% level sits at 1.3686e-06, and the 38.2% level at 1.3854e-06. Price has tested the 38.2% level twice, failing to hold both times. The 61.8% level is currently acting as a strong support zone. On the daily chart, Fibonacci levels from the last major low suggest potential resistance at 1.39e-06 and 1.4e-06.

Backtest Hypothesis

The proposed backtest strategy involves identifying and acting upon Bullish Engulfing candlestick patterns on the SCRBTC pair. Given the failure of the automated query to retrieve pattern dates, we can adjust the search by explicitly querying for “candlestick_bullish_engulfing” or manually inputting known pattern dates. Once identified, a backtest would assess the performance of a 3-day holding strategy post-pattern formation. This approach could be integrated with RSI and MACD signals to refine entry and exit timing. Given the flat momentum and neutral RSI in this session, any potential Bullish Engulfing pattern now would need to be confirmed with additional volume and momentum support.