Secret/Bitcoin Market Overview: Range-Bound 24-Hour Action with Weak Momentum

• Price action remained range-bound with key resistance near 1.56e-6 and support at 1.51e-6.
• Momentum weakened as RSI hovered near neutral with no clear overbought or oversold signals.
• Volatility dipped with low turnover despite sporadic volume spikes during late-night trading.
• A bearish breakdown near 1.53e-6 on the 15-minute chart raised short-term caution.
• Price closed near session lows, showing a lack of conviction on the 24-hour timeframe.

Secret/Bitcoin (SCRTBTC) opened at 1.54e-6 at 12:00 ET–1 on September 19, 2025, and traded between a high of 1.56e-6 and a low of 1.49e-6 before closing at 1.49e-6 at 12:00 ET. Total volume over the 24-hour period was 18,593.3 units, while notional turnover remained constrained, reflecting a lack of directional conviction and a low-risk appetite in the market.

The candlestick structure for SCRTBTC showed a largely sideways trend, with multiple consolidation phases and minimal breakouts. A key bearish breakdown occurred near 1.53e-6 early in the session, followed by a retest that failed to push above 1.55e-6, reinforcing the 1.55e-6 level as a potential short-term resistance. Several small-volume bearish patterns appeared in the latter half of the session, including a small bearish engulfing pattern and a 1.51e-6 low that could signal a near-term support. The RSI remained around 50, indicating no strong directional bias, while MACD showed a flat line, suggesting a continuation of the range.

Bollinger Bands reflected a period of contraction earlier in the session, followed by a mild expansion as price drifted lower. Price spent the majority of the session within the 1.49e-6–1.56e-6 range, with volatility remaining low and notional turnover failing to confirm the price declines. Fibonacci retracement levels from the recent 1.49e-6–1.56e-6 swing indicated key levels at 1.53e-6 (38.2%) and 1.51e-6 (61.8%), both of which saw interaction.

Over the next 24 hours, SCRTBTC may test the 1.51e-6 support, with a break below this level potentially opening a path to 1.48e-6. However, traders should remain cautious as a lack of volume and weak momentum suggest the market may lack the drive for a decisive breakout. A retest of 1.53e-6 could offer a potential rebound, but without increased turnover, any move higher may remain speculative.

The backtest strategy described involves a breakout-based trading hypothesis that leverages the observed consolidation between 1.49e-6 and 1.56e-6. Given the low volume and sideways price action, the strategy suggests entering a short position on a confirmed breakdown below 1.51e-6, with a stop loss placed slightly above 1.53e-6. A long position could be triggered on a retest of 1.53e-6 or a bullish breakout above 1.56e-6, though the latter would require confirmation in the form of increased volume and a closing candle above the resistance level. The strategy aligns with the observed behavior of Bollinger Bands and Fibonacci levels, and relies on the assumption that the current range-bound action will eventually give way to a directional move.