Market Overview for Big Time/Tether (BIGTIMEUSDT) – November 12, 2025

• Price action showed a distinct bearish trend from a 0.03111 peak to a 0.02925 trough.
• High momentum in the early afternoon, followed by consolidation and a retest.
• Volume spiked in the late evening before fading, suggesting decreasing conviction.

The 24-hour price action for Big Time/Tether (BIGTIMEUSDT) opened at 0.03083 on November 11 at 12:00 ET, peaked at 0.03118, and eventually closed at 0.02925 by 12:00 ET on November 12. Total traded volume amounted to 5,361,616.0, with total turnover reaching approximately $163,000, indicating moderate activity despite the bearish bias.

The structure of the 15-minute candles revealed several key patterns. A strong bearish engulfing pattern emerged at the peak of the day, followed by a consolidation phase and a bearish retest in the late evening. These patterns suggest a loss of bullish momentum and possible exhaustion. Key support levels formed around 0.02950–0.02975 and 0.02925, with the former showing signs of resilience during retracements.

20-period and 50-period moving averages on the 15-minute chart intersected twice during the session, indicating a volatile and indecisive market. The 50-period MA was consistently above the 20-period MA, suggesting bearish momentum. On the daily chart, the 50-period and 200-period MAs remained aligned with the long-term downtrend.

MACD and RSI confirmed the bearish bias, with the MACD line crossing below the signal line in the early afternoon, reinforcing the sell-side pressure. The RSI dipped into oversold territory (below 30) by the end of the session, suggesting potential for a near-term bounce or consolidation. Bollinger Bands showed a moderate expansion during the bearish wave, with prices staying near the lower band, indicating a period of high volatility and downward pressure.

Volume and turnover were highest during the mid-to-late afternoon, with strong volume behind the bearish move but fading as the session progressed. This divergence suggests decreasing conviction in the bearish thesis, though the price action did not reflect a reversal, maintaining a cautious outlook.

Fibonacci retracements identified key levels from the high of 0.03118 to the low of 0.02925. The 0.02950 level coincided with the 38.2% retracement and showed price rejection. A potential retest of the 61.8% level at 0.02990 could offer short-term support or resistance.

Looking ahead, a continuation of the bearish trend is possible unless price breaks above 0.02990 with increasing volume, which could signal a short-term reversal. However, investors should remain cautious of further downside risks if the 0.02925 level fails to hold, potentially leading to a test of the next support zone near 0.02880.

Backtest Hypothesis

The backtest strategy under consideration relies on a MACD Death Cross — a bearish signal formed when the MACD line crosses below the signal line — to trigger short positions. This strategy historically performs best in trending or bearish markets, where divergence between momentum and price is clearly defined. The inability to retrieve historical price data for BIGTIMEUSDT, however, prevents a full backtest. A valid historical price series is necessary for computing MACD values and testing the strategy's effectiveness.

Next steps include verifying the correct ticker symbol (e.g., BIGTIME-USDT or BIGTIME/USDT), providing an alternative data source, or narrowing the analysis period to match the token's listing date. Once the data issue is resolved, the backtest can proceed, and the strategy's success can be evaluated against past performance metrics.