Market Overview for Secret/Bitcoin (SCRTBTC) – 2025-11-06

Summary
• Secret/Bitcoin declines to 2.15e-06 amid bearish consolidation.
• Volatility expands with key support tested near 2.14e-06.
• Volume dips during recovery, suggesting weak conviction in bullish attempts.

The Secret/Bitcoin (SCRTBTC) pair opened at 2.27e-06 at 12:00 ET on 2025-11-05 and closed at 2.17e-06 by 12:00 ET on 2025-11-06. The 24-hour range saw a high of 2.28e-06 and a low of 2.02e-06. Total trading volume was 1,260,711.1 units, with a notional turnover of approximately $2.71 (assuming a BTC price of $68,000).

The price structure over the last day shows a descending pattern, with a key support level appearing near 2.14e-06. A series of bearish engulfing patterns and long lower shadows suggest ongoing seller dominance. A potential recovery attempt late in the session stalled, with a doji forming around 2.15e-06, hinting at indecision. The 20-period and 50-period SMAs on the 15-minute chart are both bearishly aligned, with price below both.

Moving to momentum indicators, the MACD line turned negative, with the histogram contracting, indicating waning bearish momentum. RSI approached oversold territory near 25–30 but failed to close above 40, suggesting a bearish bias. Bollinger Bands widened during the decline, and the price has remained near the lower band for most of the session, signaling heightened volatility and potential exhaustion.

Fibonacci retracements applied to the recent 15-minute swing (2.28e-06 to 2.02e-06) show the price currently resting at the 76.4% level (2.14e-06–2.15e-06). A close above 2.18e-06 (61.8% retrace) may signal a temporary relief rally. However, a break below 2.11e-06 (38.2% retrace) could accelerate the downward trend.

The Backtest Hypothesis section builds on the technical patterns and indicators discussed, proposing a strategy based on Doji Star formations at key support levels. This approach aligns with the observed indecisive candlestick behavior near 2.15e-06. A robust backtest would confirm whether such setups historically offer favorable risk/reward outcomes for a 1-day hold. However, the data retrieval for SCRTBTC is currently constrained, which may require a symbol verification or manual event-date input to proceed.