Secret/Bitcoin Market Overview for 2025-10-10

• SCRTBTC rallied sharply during the last 24 hours, closing near a fresh 15-min high of 2.02e-06.
• Volume surged late in the session, confirming the bullish breakout.
• RSI hit overbought territory, signaling potential pullback risk.
• Bollinger Bands expanded, reflecting rising volatility.
• No strong bearish reversal patterns emerged in the final hours.

The Secret/Bitcoin pair (SCRTBTC) opened at 1.54e-06 on 2025-1009 160000 and surged to 2.02e-06 during the 24-hour period, closing at 1.94e-06 on 2025-1010 160000. The total trading volume amounted to 1,311,790.6 SCRT, with notional turnover reaching $64.84 (using the average closing price). The pair displayed strong bullish momentum with multiple breakout confirmations and heavy late-session volume.

Structure & Formations

Price action on SCRTBTC was dominated by a series of higher highs and higher lows, with the 1.92e-06 to 1.99e-06 range acting as a key support-to-resistance pivot. A bullish engulfing pattern formed at 1.92e-06, followed by a strong breakout above prior resistance at 2.01e-06. No strong bearish reversal patterns have yet emerged, though a long lower shadow on the 1.92e-06 to 1.94e-06 candle suggests potential consolidation ahead.

Moving Averages

On the 15-minute chart, the 20SMA crossed above the 50SMA in a golden cross, reinforcing bullish bias. The 50-period line acted as a dynamic support during pullbacks, with price consistently finding buying interest just above it. Over the daily timeframe, the 50/100/200 SMA alignment is neutral, with price above all three lines.

MACD & RSI

MACD turned sharply positive in the final 4 hours of the session, confirming the bullish breakout. RSI surged to 72, entering overbought territory, which may indicate a near-term pullback or consolidation phase. While momentum remains strong, investors should remain cautious of short-term profit-taking or volatility spikes.

Bollinger Bands

Bollinger Bands expanded significantly during the final 6 hours of the 24-hour period, reflecting rising volatility. Price closed near the upper band at 1.94e-06, indicating strong upward momentum. A potential reversion to the mid-band or a test of the lower band could offer a clearer picture of the next directional move.

Volume & Turnover

Volume spiked in the final 3 hours of the session, with the highest hourly turnover occurring at 1.95e-06. Despite the price rise, notional turnover remained proportional to volume, indicating strong buying conviction. No significant divergence between price and turnover was observed.

Fibonacci Retracements

Fibonacci levels from the key swing low at 1.53e-06 to the high at 2.02e-06 are showing critical retracement levels at 1.78e-06 (38.2%) and 1.87e-06 (61.8%). Price has now pulled back slightly from 2.02e-06 but remains above the 61.8% level, suggesting strong bullish bias.

Backtest Hypothesis

A potential backtest strategy could involve a trend-following approach triggered by a golden cross in the 20/50 SMAs and confirmed by a bullish engulfing candle and a MACD crossover above zero. Entry would occur after the breakout above 2.01e-06, with a stop-loss placed below 1.92e-06 and a target aligned with the 2.02e-06 to 2.05e-06 Fibonacci extension. This strategy could be tested over multiple 15-minute and hourly periods to assess robustness and adaptability in varying volatility conditions.

Forward-Looking View

Looking ahead, SCRTBTC appears to be consolidating after a strong rally, with key resistance at 2.02e-06 and support at 1.92e-06. A break above 2.02e-06 could target 2.05e-06, but a pullback into the 1.94e-06–1.92e-06 range may test near-term conviction. Investors should monitor volume behavior and RSI levels for early signs of trend exhaustion or continuation.