Market Overview for Secret/Bitcoin (SCRTBTC) on 2025-09-23

• Price remained tightly range-bound with minimal directional bias.
• A key consolidation phase observed near 1.38e-06 and 1.39e-06.
• Volume remained subdued with occasional spikes during breakouts.
• RSI and MACD indicate weak momentum with no clear overbought/oversold signals.

Secret/Bitcoin (SCRTBTC) opened at 1.38e-06 on 2025-09-22 at 16:00 ET, reached a high of 1.41e-06, a low of 1.37e-06, and closed at 1.39e-06 as of 12:00 ET on 2025-09-23. Total volume was 53,054.7, and total turnover stood at approximately 58.3 BTC for the 24-hour period. The pair exhibited tight trading with no clear breakout or breakdown.

Structure & Formations

The 24-hour OHLCV data reveals a series of tight range-bound candles with minimal body size and frequent doji formation, indicating indecision among traders. Key support and resistance levels appear to be forming around 1.38e-06 and 1.39e-06, with several attempted breakouts from these levels failing to hold. A bearish engulfing pattern formed briefly near 1.39e-06 during early trading hours, followed by a bullish reversal attempt in the late hours of 2025-09-23.

Moving Averages and MACD/RSI

Over the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, reflecting the tight trading range. The 50-period moving average on the daily chart shows a slight positive bias but remains relatively flat due to the lack of directional momentum. MACD remains within zero, with both the line and signal line fluctuating without forming a clear divergence or convergence. RSI hovers around the neutral zone (45–55), with no indication of overbought or oversold conditions.

Bollinger Bands and Fibonacci Retracements

Volatility remains compressed within the Bollinger Bands, with price frequently testing the upper and lower bounds without a breakout. The 61.8% Fibonacci retracement level of a recent 15-minute swing sits near 1.39e-06, which appears to have acted as a temporary resistance. The 38.2% level, near 1.385e-06, has also seen multiple touches, suggesting a possible pivot area for the next few hours.

Volume and Turnover

Volume remains subdued for most of the session, with notable spikes occurring around key price levels such as 1.38e-06 and 1.39e-06. These spikes often coincided with attempted breakouts or reversals. Turnover appears to confirm these price movements in the short term, although it lacks the strength to push the price decisively in either direction. The absence of significant divergence suggests that traders are still in a wait-and-see mode.

Backtest Hypothesis

Given the tight consolidation and lack of strong directional bias, a backtesting strategy could be structured around breakout levels identified by Fibonacci retracements and Bollinger Bands. For instance, a long entry could be triggered when price breaks above 1.39e-06 with increased volume, or a short entry if it breaks below 1.38e-06. Stop-loss placement near the opposite band or retracement level could help manage risk. The low volatility and indecisive RSI readings suggest that such a strategy would rely heavily on volume confirmation and strict risk management.

Looking ahead, traders should monitor how SCRTBTC reacts to the 1.39e-06 level and whether volume increases in a meaningful way. A breakout above this resistance with confirmation in both price and volume could signal the start of a new trend, while a breakdown could indicate further consolidation. As always, volatility remains low and the risk of a false breakout or consolidation continuation is present.