Scroll/Bitcoin Market Overview

Generated by AI AgentAinvest Crypto Technical Radar
Friday, Sep 5, 2025 10:24 pm ET1min read
BTC
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Aime RobotAime Summary

- SCRBTC gained 2.41% in 24 hours, testing $2.95e-06 and $3.00e-06 resistance levels with mixed volume confirmation.

- RSI remains neutral at 54 while MACD turns positive, signaling potential bullish momentum despite consolidation near 61.8% Fibonacci level.

- Strong $2.94e-06–$3.01e-06 rally saw peak volume at $3.01e-06, with Bollinger Band expansion indicating heightened volatility.

- A bullish engulfing pattern at $2.93e-06–$2.96e-06 suggests short-term reversal potential, though indecision remains evident in doji formation.

• SCRBTC opened at $2.89e-06 and closed at $2.96e-06, gaining 2.41% in 24 hours.
• Price tested key resistance levels at $2.95e-06 and $3.00e-06, with mixed volume confirmation.
• A bullish break and hold above $2.94e-06 suggests potential for further upside.
• RSI remains in mid-range, indicating neither overbought nor oversold conditions.
• Volatility expanded during a strong rally from $2.91e-06 to $3.01e-06 in the last 3 hours.

Scroll/Bitcoin (SCRBTC) opened at $2.89e-06 on 2025-09-04 12:00 ET and closed at $2.96e-06 by 2025-09-05 12:00 ET. The pair reached a high of $3.01e-06 and a low of $2.86e-06. Total 24-hour volume was 58,248.7, and notional turnover was $170.53.

Structure & Formations


The 24-hour OHLCV data reveals key support at $2.87e-06 and resistance at $3.00e-06. A bullish engulfing pattern emerged around $2.93e-06–$2.96e-06, confirming a potential short-term reversal. A doji at $2.96e-06–$2.96e-06 suggests indecision after the strong move. Price appears to be consolidating near a 61.8% Fibonacci retracement level of a recent bearish swing.

Moving Averages


On the 15-minute chart, the 20-EMA is slightly bullish and positioned just below the 50-EMA, signaling a potential continuation of the upward move. The daily 50-EMA remains above the 100-EMA and 200-EMA, indicating an intermediate-term bullish bias.

MACD & RSI


The MACD has turned positive and is above its signal line, suggesting growing bullish momentum. The RSI is currently at 54, within the neutral range, but trending upwards. Price may extend toward the 60–65 range, signaling an overbought condition and potential pullback.

Bollinger Bands


Price has expanded beyond the upper Bollinger Band during the $2.94e-06–$3.01e-06 move, indicating increased volatility. However, a recent contraction suggests a potential consolidation phase ahead.

Volume & Turnover


Notable volume surges occurred during the $2.94e-06–$3.01e-06 rally, with a peak of 3401.8 at $3.01e-06. A divergence appears at $2.97e-06 where price continues higher but volume decreases. Notional turnover peaked at $3.01e-06, confirming strength in the move.

Fibonacci Retracements


A key Fibonacci level at 61.8% of the recent downtrend is at $2.94e-06, which has been tested and broken. A break above $3.00e-06 may target $3.06e-06, the 78.6% level.

Backtest Hypothesis


A backtesting strategy that triggers long positions on a bullish engulfing candle with volume confirmation, followed by a stop-loss at the low of the engulfing candle, appears well-aligned with recent price action. This strategy could be tested on the $2.93e-06–$2.96e-06 pattern, with a target at $3.00e-06. Given the RSI and MACD trends, a 5–7% profit target may be reasonable, though traders should remain cautious of the doji at $2.96e-06, which may indicate a pause or reversal.