Market Overview for Secret/Bitcoin (SCRTBTC)

• Price declined from 1.62e-06 to 1.55e-06 amid low volume.
• RSI and MACD showed bearish momentum with no overbought signals.
• Volatility remained low, with price contained within Bollinger Bands.
• Key support appears at 1.55e-06, with resistance near 1.61e-06.
• Downtrend remains intact as SCRTBTC closes below all major moving averages.

Secret/Bitcoin (SCRTBTC) opened at 1.62e-06 on 2025-09-13 12:00 ET and closed at 1.55e-06 on 2025-09-14 12:00 ET, reaching a high of 1.63e-06 and a low of 1.54e-06. Total traded volume was 102,690.4 and notional turnover was effectively flat due to minimal price movement.

Structure & Formations

The 24-hour price action formed a bearish consolidation pattern with a slight breakdown observed in the last few candlesticks. A key support level appears at the 1.55e-06 level, which has been tested multiple times and has so far held. A larger bearish pattern could be emerging with the 1.61e-06 acting as a short-term resistance, potentially forming a descending triangle. A bearish engulfing pattern was noted at the end of the session, suggesting continued downward pressure.

Moving Averages

Short-term moving averages (20 and 50-period) on the 15-minute chart remain below the 1-hour close, reinforcing the bearish bias. Longer-term averages (50, 100, and 200-period) show a flat to slightly bearish alignment, with SCRTBTC closing well below all, indicating a possible continuation of the downtrend.

MACD & RSI

The MACD has turned negative, with the histogram dipping further into bearish territory. This reflects weakening bullish momentum. The RSI is currently in the 30–40 range, suggesting moderate bearish momentum but no extreme oversold conditions. This reinforces the idea that the downward move could continue, though a bounce near key support is still possible.

Bollinger Bands

Volatility appears muted, with the Bollinger Bands relatively narrow and price staying within them. Price action has remained below the 20-period moving average, staying closer to the lower band. This suggests low volatility and a continuation of the current range or a possible breakdown below the lower boundary if key support fails.

Volume & Turnover

Volume has been generally low throughout the 24-hour period, with the exception of a few spikes around price breakdowns and retests of the 1.61e-06 level. Notional turnover remains flat due to the low price range. This suggests a lack of conviction in the current move and may indicate that the market is waiting for a catalyst before committing to a new direction.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 1.63e-06 to 1.54e-06, the 38.2% retracement level sits near 1.58e-06 and the 61.8% level near 1.56e-06. Price has spent much of the session near these levels, suggesting they may serve as potential areas of interest for a reversal or further decline.

Backtest Hypothesis

Given the current setup, a potential backtesting strategy could focus on shorting opportunities near 1.61e-06 with a stop-loss above the 1.63e-06 resistance level and a target near 1.54e-06, based on the current Fibonacci structure. The MACD and RSI signals support a bearish bias, while the low volume suggests minimal immediate conviction. A test of the 1.55e-06 level with a stop above 1.57e-06 could also be considered for short-term bearish trades. This strategy aligns with the technical indicators and recent price structure.