Summary
• Price opened at 1.43e-06 and closed lower at 1.41e-06, pressured by bearish momentum in the final hours.
• A key support level appears at 1.41e-06, with a small bearish reversal pattern forming.
• Volume spiked in the early hours of 12/09, coinciding with a drop in price.
• Bollinger Bands show a slight contraction in volatility, with price consolidating near the lower band.
• RSI remains below 30, suggesting potential oversold conditions but without immediate reversal signals.
Market Overview
At 12:00 ET on 2025-12-09, Secret/Bitcoin (SCRTBTC) opened at 1.43e-06, reached a high of 1.47e-06, and closed at 1.41e-06 after hitting a low of 1.4e-06. Total trading volume for the 24-hour window was 93,322.8 units, with a notional turnover of approximately 132.87 BTC-equivalent.
Structure & Formations
The price action suggests a bearish consolidation phase, with key support identified near 1.41e-06. A potential bearish reversal pattern appears as price rejected off the upper range after a failed rally in the early morning. Resistance appears to be forming around 1.46e-06 and 1.47e-06, which was briefly tested but not held.
Moving Averages
Short-term moving averages (20/50) on the 5-minute chart show a bearish divergence, with price closing below both. On the daily chart, 50-period and 200-period EMAs are aligned bearishly, reinforcing the downward bias.
MACD & RSI
MACD remains in negative territory with bearish crossovers, and RSI has been below 30 for several hours, indicating oversold conditions. However, a strong bullish reversal may require confirmation with increasing volume.
Bollinger Bands
Volatility has been in a contraction phase in the early morning hours, with price sitting near the lower Bollinger band. This may suggest a potential for a short-term bounce, but a breakout above the upper band would require strong volume confirmation.
Volume & Turnover
A notable volume spike occurred at 05:15 ET with a large block move downward, aligning with a drop to 1.41e-06. Turnover was also elevated during the key price move, reinforcing the bearish action.
Fibonacci Retracements
Fibonacci levels for the 5-minute chart show a potential key level at 1.43e-06 (38.2% retrace), which has been tested multiple times and failed to hold. On the daily chart, a 61.8% retrace level lies at 1.42e-06, aligning with recent support.
Looking ahead, the immediate focus will be on whether price can break above 1.42e-06 to suggest a short-term rebound or if bearish pressure will push price lower toward 1.4e-06. Investors should remain cautious, as low volatility and consolidation phases often precede sharp directional moves.
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