Secret/Bitcoin (SCRTBTC) Market Overview for 2025-10-07

• Price for SCRTBTC rose to 1.87e-06 before consolidating near 1.82e-06.
• Volatility picked up in the 15-minute chart after 5:30 AM ET.
• Volume spiked in early trading, peaking around 09:30 AM ET.
• RSI moved into overbought territory temporarily, suggesting short-term momentum.
• A bullish engulfing pattern formed near 1.82e-06 in the early morning.

The Secret/Bitcoin pair (SCRTBTC) opened at 1.69e-06 on 2025-10-06 at 12:00 ET and reached a high of 1.87e-06. It closed at 1.82e-06 as of 2025-10-07 at 12:00 ET. Total volume for the 24-hour period was approximately 233,803.3, and notional turnover totaled roughly 418.07 (in BTC equivalent). The price displayed a moderate upward bias amid rising on-chain activity and short-term bullish momentum.

Structure & Formations

The price action on SCRTBTC revealed several key levels. A strong support appeared around 1.7e-06, where the pair found a floor multiple times. Resistance emerged at 1.82e-06, where the price stalled despite strong volume. A bullish engulfing pattern formed at 09:30 AM ET as the pair moved from 1.8e-06 to 1.82e-06, signaling a potential short-term reversal. A doji appeared at 03:45 AM ET near 1.74e-06, indicating indecision before the price resumed its upward trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed at around 05:00 AM ET, forming a bullish crossover. This signaled potential for continued buying pressure in the near term. On the daily chart, the 50-period moving average was slightly above the 100-period and 200-period lines, suggesting a slight medium-term bullish bias.

MACD & RSI

The MACD line turned positive and crossed above the signal line at around 05:00 AM ET, confirming a shift in momentum. The histogram showed a steady increase in bullish strength until 09:30 AM ET. The RSI reached overbought territory (above 70) near 09:30 AM ET, suggesting short-term profit-taking could be in play.

Bollinger Bands

The 20-period Bollinger Bands expanded as the price moved up toward 1.82e-06, indicating rising volatility. The price closed near the upper band, suggesting strong buying pressure. A potential contraction was noted earlier in the session around 02:00 AM ET, indicating a period of consolidation before the breakout.

Volume & Turnover

Volume surged during key price moves, with the most significant spike occurring at 09:30 AM ET when the price rose sharply from 1.8e-06 to 1.87e-06. Notional turnover followed suit, with higher values aligning with the price breakouts. A divergence in volume was observed after 02:00 AM ET, where price moved higher with decreasing volume, suggesting weakening momentum.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing, key levels appeared at 1.76e-06 (38.2%), 1.79e-06 (50%), and 1.82e-06 (61.8%). The pair tested the 61.8% level at the close and may consolidate near that level in the near term. Daily retracements showed similar behavior, with 1.82e-06 acting as a key psychological level.

Backtest Hypothesis

A potential backtest strategy for SCRTBTC could involve entering a long position when the 20-period moving average crosses above the 50-period moving average on the 15-minute chart, with a stop-loss placed below the most recent support level (1.7e-06). The target for the trade could be set at the 61.8% Fibonacci retracement level (1.82e-06), which has acted as a resistance and potential reversal zone multiple times in the session. This approach aligns with the observed bullish momentum and key technical levels identified in the analysis, making it a high-probability short-term setup if the price continues to show strength.