Market Overview for Secret/Bitcoin (SCRTBTC) on 2025-11-03

• Secret/Bitcoin (SCRTBTC) traded in a tight range for most of the 24-hour window, with a bearish close at 1.57e-06 BTC.
• Volume surged in the overnight session, particularly around 04:45–05:00 ET, indicating increased selling pressure.
• A key resistance level appears to form near 1.61e-06 BTC, with prior attempts failing to break above this level.
• Momentum indicators suggest waning bullish energy and a potential pullback into oversold territory.
• Bollinger Bands tightened during the mid-day lull, indicating a potential period of consolidation before a breakout.

The Secret/Bitcoin (SCRTBTC) pair opened at 1.59e-06 BTC on 2025-11-02 at 12:00 ET, peaked at 1.61e-06 BTC, and closed at 1.57e-06 BTC by 12:00 ET on 2025-11-03. The 24-hour volume was 771,086.9 units, with a notional turnover of approximately 1.22 BTC, reflecting increased selling pressure in the final hours. Price action was largely range-bound until a sharp downward move emerged after 04:45 ET.

Structure & Formations

Price remained within a 0.04e-06 BTC range for most of the session, with a bearish engulfing pattern forming near the 1.61e-06 BTC level as the session progressed. A doji formed around 04:45 ET, signaling indecision, followed by a strong bearish candle that broke a prior support at 1.57e-06 BTC. This suggests a possible short-term reversal in sentiment and a test of the next level of support near 1.53e-06 BTC.

Moving Averages & Momentum

The 20-period and 50-period moving averages on the 15-minute chart remained aligned closely with the price, indicating no strong directional bias. The 50-period line appears to act as a weak resistance, and the 20-period line is now lagging slightly below the price. The MACD histogram showed a bearish divergence, while RSI has declined into the 30–35 range, suggesting an oversold condition that may not necessarily indicate a strong reversal.

Bollinger Bands & Volatility

Bollinger Bands contracted during the mid-day period between 12:00–16:00 ET, indicating a low volatility phase followed by a sharp expansion during the overnight hours. The price closed near the lower band at 1.57e-06 BTC, which could signal a potential bounce if buyers re-enter the market.

Volume & Turnover

Volume increased significantly in the overnight session, particularly from 04:45–06:00 ET, with a large sell-off observed in the 04:45–05:00 ET 15-minute candle. Turnover also surged during this time, confirming the bearish move. A divergence between price and volume was observed during the afternoon hours, where volume dipped while price remained in a narrow range—this may suggest weakening conviction in the bearish move.

Fibonacci Retracements

A 38.2% Fibonacci retracement level was observed near 1.59e-06 BTC and acted as a minor support/resistance. The 61.8% retracement level is at 1.56e-06 BTC, which coincides with the current close. A break below this level could lead to a test of the next support near 1.53e-06 BTC.

Backtest Hypothesis

To refine the bearish engulfing pattern backtest for SCRTBTC, it is critical to identify the precise exchange ticker, such as “BINANCE:SCRTBTC” or “KUCOIN:SCRTBTC,” since the current data service failed to recognize the input symbol. Alternatively, if bearish engulfing signal dates are provided, the backtest can proceed by applying the “sell on signal, cover at the next close” strategy from 2022-01-01 to 2025-11-03. The results would then quantify the strategy’s profitability and risk-adjusted performance for investors.