Summary
• Price formed a bearish engulfing pattern after a sharp selloff in late evening ET.
• RSI indicates oversold conditions, but volume has not confirmed a reversal.
• Volatility surged during the 19:45–20:00 ET window with a 61.8% Fibonacci retracement hit.
• MACD showed bearish divergence during the morning ET consolidation.
• Bollinger Bands widened during the session’s low point, indicating heightened uncertainty.
Market Overview
Secret/Bitcoin (SCRTBTC) opened at 1.18e-06 on 2025-12-18 at 12:00 ET, reaching a high of 1.2e-06 and a low of 1.14e-06 before closing at 1.19e-06 on 2025-12-19 at 12:00 ET. Total 24-hour volume was 155,822.1 and turnover amounted to 238.27 BTC.
Structure & Moving Averages
Price action saw a strong bearish shift after a 5-minute candle on 2025-1218 19:45 ET formed a bearish engulfing pattern, pushing price down toward the 1.14e-06 level, where it briefly found support. This level coincided with the 61.8% Fibonacci retracement of a recent uptrend. The 20-period and 50-period moving averages on the 5-minute chart moved lower throughout the session, supporting a bearish bias in the short term.
Momentum and Volatility
RSI reached oversold territory near 30 by 02:00 ET, suggesting potential for a short-term bounce. However, volume remained weak during this time, casting doubt on the strength of a reversal. Volatility spiked during the 19:45–20:00 ET window, with a sharp selloff driving price down 0.04e-06 in a 15-minute span. Bollinger Bands expanded during this period, indicating increased uncertainty.
Volume and Turnover
The highest volume spike occurred on the 19:45 ET candle, where 67,292.7 units of volume were traded, coinciding with a sharp drop of 0.03e-06. This was the highest turnover moment of the session. However, subsequent candles showed little follow-through in volume despite continued consolidation near 1.17e-06, suggesting that momentum may be waning.
While oversold RSI conditions and Fibonacci support could encourage a short-term bounce, weak volume and bearish divergence on MACD suggest further downside risk. Investors should watch for a break below 1.14e-06 as a potential signal of increased bearish pressure in the next 24 hours.
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