Market Overview for Big Time/Tether (BIGTIMEUSDT): September 19, 2025

• Price declined from 0.05699 to 0.05428 on heightened volume, signaling bearish momentum.
• A 61.8% Fibonacci retracement aligns with current support at ~0.0542–0.0544.
• Bollinger Bands widened after 12:00 ET, reflecting increasing volatility.
• MACD turned negative with bearish divergence, while RSI hit oversold territory.
• Volume distribution shows strong selling pressure post-12:00 ET, with turnover peaking in late afternoon trading.

Big Time/Tether (BIGTIMEUSDT) opened at 0.05627 on 2025-09-18 at 12:00 ET and closed at 0.05428 on 2025-09-19 at 12:00 ET. The 24-hour range was 0.05699 (high) to 0.05381 (low). Total volume amounted to 13,423,062. Total notional turnover was approximately $739,089.65.

The pair formed a bearish continuation pattern with several long lower shadows and bearish engulfing candles post-noon ET. A 61.8% Fibonacci retracement level (~0.0542–0.0544) was tested and held. Short-term moving averages (20/50-period) have crossed below the price, confirming a bearish bias, while the 50-period line is trending downward.

Structure & Formations

The 15-minute chart showed a key bearish engulfing pattern at 17:30 ET and a doji at 05:15 ET, indicating indecision. Price found support near the 0.0542–0.0544 zone, which coincided with the 61.8% Fibonacci level from the prior rally. Resistance is likely to form near the 0.0546–0.0548 range as a potential bounce level.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart have crossed below price, reinforcing the bearish trend. The 50-period line is declining sharply, and the 100-period is also below price. Daily MA lines show the 200-period remains above the 50-period, suggesting a possible medium-term correction may emerge.

MACD & RSI

MACD turned negative and has remained below the signal line, confirming bearish momentum. A divergence is forming between the RSI and price, with RSI reaching oversold territory (~35) while price continues to fall. This suggests a potential near-term bounce may occur before the trend resumes.

Bollinger Bands

Bollinger Bands showed a significant expansion after the 12:00 ET close, indicating rising volatility. Price has moved closer to the lower band, but a breakout below could trigger further bearish movement.

Volume & Turnover

Volume surged significantly between 05:00 and 06:00 ET, with high turnover in the 0.0541–0.0544 range. This indicates active selling pressure. A divergence is observed between price and volume, with volume declining slightly as price continues to fall, suggesting exhaustion may be near.

Fibonacci Retracements

The 38.2% and 61.8% levels from the 17:30 ET high were tested during the afternoon. The 61.8% level (~0.0542–0.0544) is currently acting as a strong support, and any break below could target the 0.0534–0.0536 level.

Backtest Hypothesis

A potential backtesting strategy would involve entering a short position when the 50-period MA crosses below the 20-period MA on the 15-minute chart, confirmed by a bearish engulfing candle and a RSI reading below 40. Stops could be placed above the 61.8% Fibonacci retracement level. A take-profit target could be set near the 38.2% level or the next bearish swing low. This strategy could be refined by incorporating Bollinger Band breakouts and volume confirmation for improved signal accuracy.