Big Time/Tether Market Overview

• Price opened at $0.04799 and closed at $0.04696, forming a bearish 15-minute candle.
• A significant low of $0.04623 and a high of $0.04913 indicate a volatile 24-hour range.
• Total volume hit 9.5M, with turnover exceeding $462K, showing strong participation.
• RSI reached oversold territory, suggesting potential for a near-term bounce.
• A long lower shadow at $0.04623 may signal a critical support level.

Big Time/Tether (BIGTIMEUSDT) opened at $0.04799 on 2025-10-08 12:00 ET and closed at $0.04696 on 2025-10-09 12:00 ET, with a high of $0.04913 and a low of $0.04623. The 24-hour volume reached 9.5 million contracts, with a notional turnover of over $462,000, signaling active trading throughout the session.

The candlestick pattern over the last 24 hours reveals a strong bearish bias, marked by a series of lower highs and lower lows. Key support appears to have formed at $0.04623–$0.04635, while resistance levels are visible at $0.0472 and $0.0480. A notable bearish engulfing pattern emerged during the early morning hours (ET), confirming a shift in sentiment. A doji near $0.04705 suggests potential indecision or a possible reversal point in the near future.

Moving averages on the 15-minute chart show that price has spent most of the 24-hour period below both the 20-period and 50-period SMAs, reinforcing the downward trend. On the daily chart, the 50-period SMA sits at ~$0.0476, with the 200-period SMA at ~$0.0473, placing the current close of $0.04696 well below both, indicating a strong bearish bias over a longer horizon.

MACD has turned negative, with the histogram contracting, suggesting a slowdown in the downward momentum. RSI has fallen to oversold territory (~25), hinting that a bounce may be imminent. Bollinger Bands have recently widened as the price moved toward the lower band, indicating increased volatility and a possible rebound from the recent low of $0.04623.

Volume and turnover spiked during the key bearish candle at 2025-1009 083000 (ET), confirming the move lower. The divergence between price and volume during the morning hours was relatively weak, with volume rising alongside the bearish move. A key area to watch is the $0.0469–$0.0470 range, where price has previously stalled on multiple occasions.

Fibonacci retracement levels from the recent swing high at $0.04913 to the low at $0.04623 show critical retracement levels at $0.0476 (38.2%) and $0.0481 (61.8%). Price tested the 61.8% level briefly during the 24-hour period but failed to hold. The 38.2% level is currently being approached, which could either stall the move lower or confirm further bearish momentum.

Looking ahead, a bounce off the $0.0462–$0.0463 level could see a test of $0.0470–$0.0472. However, a break below $0.0462 raises the risk of a deeper pullback toward $0.0458. Traders should remain cautious of potential volatility from macro or market sentiment shifts in the next 24 hours.

Backtest Hypothesis: A long entry is triggered when RSI dips below 25 and price closes above the 20-period SMA on the 15-minute chart, with a stop-loss below the most recent swing low. During this 24-hour window, such a setup appeared twice, but both signals occurred after the price had already started to retrace. While the strategy could offer an entry opportunity near $0.0469, confirmation via volume expansion would be crucial to avoid false breakouts or whipsaw moves.