Big Time/Tether Market Overview

• Price declined from 0.0566 to 0.05483, driven by bearish momentum in late ET hours.
• RSI and MACD suggest overbought conditions reversed early, foreshadowing a pullback.
• Volatility expanded early, followed by consolidation in the final 6 hours.
• Volume surged during the afternoon ET selloff but declined in the final 12 hours.

The BIGTIMEUSDT pair opened at 0.05612 on 2025-09-13 12:00 ET and closed at 0.05483 on 2025-09-14 12:00 ET. The high was 0.05696, and the low was 0.05403 over the 24-hour period. Total volume reached 12,210,599.0, with a notional turnover of $682,388.99 (calculated from the close price).

Structure & Formations

The price moved within a descending channel throughout the period, with key resistance around 0.0566-0.0569 and support at 0.0550-0.0555. A bearish engulfing pattern emerged around 02:45 ET, confirming a shift in sentiment. Several small-bodied doji appeared near 0.0557 and 0.0550, suggesting indecision and potential turning points. A sharp bearish move from 0.0566 to 0.05483 was punctuated by a short-lived bullish recovery in the first hour of the new day.

Key Levels

Resistance appears at 0.0566, 0.0569, and 0.0572. Strong support is noted at 0.0550 and 0.0548. The 0.0555 level may act as a pivot for the next 24 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly, reinforcing the downtrend. For the daily chart, the 50-period and 100-period averages show a bearish crossover, while the 200-period line remains slightly above, indicating a short-term correction within a larger downtrend. The price has closed below both the 20 and 50-period lines for much of the period, suggesting bearish momentum remains intact.

MACD & RSI

The MACD crossed bearishly below the signal line, and the histogram showed increasing bearish momentum during the afternoon selloff. The RSI dropped sharply from overbought territory in the early hours to oversold territory by the end of the period, indicating exhaustion among sellers. A potential rebound may occur if RSI crosses back above 30.

Bollinger Bands

Volatility expanded in the early hours of ET, as price broke out of a narrow range. The price spent most of the period near the lower Bollinger Band, suggesting bearish pressure. A contraction in the bands around 09:00 ET hinted at a potential reversal, but the move remained bearish. If the price fails to rebound above the upper band in the coming 24 hours, further downside could follow.

Volume & Turnover

Volume surged during the bearish move in the afternoon, peaking at around 1.2M units, confirming the selloff. However, volume significantly declined in the last 6 hours, indicating reduced conviction in the downward move. Notional turnover aligned closely with volume until the final hours, where divergence began to form—suggesting a potential pause or reversal if volume picks up again.

Fibonacci Retracements

Applying Fibonacci to the 15-minute move from 0.05696 to 0.05403, 38.2% and 61.8% retracement levels fall at approximately 0.0557 and 0.0551, respectively. The price has already tested these levels, and a potential bounce may occur if it holds above 0.0550. Daily-level Fibonacci retracements from a larger bearish move may reinforce the 0.0548 support zone as a key area for near-term action.

Backtest Hypothesis

The backtest strategy focuses on a mean-reversion setup using 15-minute RSI and Bollinger Band breakouts. When RSI enters oversold territory (<30) and the price closes near the lower Bollinger Band, the strategy triggers a long signal. If volume during the oversold close is above the 20-period average and MACD is positive, the signal is reinforced. This approach aligns with the observed price action in the last 6 hours, where RSI bottomed near 30 and price was near the lower band. A test of this strategy over the next 24 hours could provide insight into whether the current consolidation signals a potential rebound.