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

Summary
• SCRTBTC trades lower on the day amid a volatile 24-hour range of 1.84e-06 to 1.94e-06.
• A late-night surge into 1.94e-06 was followed by a sharp pullback toward 1.85e-06.
• Volume is concentrated in key sessions, with strong selling pressure observed after 21:00 ET.
• RSI and MACD suggest mixed momentum, with no clear overbought or oversold conditions.
• Volatility remains elevated but has shown signs of stabilizing in the final hours of the period.

The Secret/Bitcoin (SCRTBTC) pair opened at 1.91e-06 on 2025-11-10 at 12:00 ET and reached a high of 1.94e-06 before closing at 1.84e-06 on 2025-11-11 at 12:00 ET. The 24-hour low was recorded at 1.84e-06. Total traded volume for the period was approximately 198,048.7, with notional turnover reaching 375.8 (using BTC as base).

Over the past 24 hours, SCRTBTC has shown a bearish bias, with price failing to hold key resistance levels above 1.9e-06. The candlestick structure reveals several long lower shadows and bearish engulfing patterns during the late night and early morning, suggesting strong selling pressure. A key support appears to be forming around 1.85e-06, where the price consolidated for a brief period. This area could serve as a short-term floor in the near term.

Moving averages on the 15-minute chart indicate a bearish crossover, with the 20-period line dipping below the 50-period line. On the daily chart, the 50-period line is also below the 100 and 200-period lines, confirming a longer-term downtrend. The RSI reading is in the mid-range, indicating mixed momentum, while MACD appears to be flattening, suggesting momentum exhaustion. Volatility, as measured by the width of Bollinger Bands, has begun to contract, hinting that a directional move may be imminent.

Fibonacci retracement levels from the recent 15-minute swing (1.94e-06 to 1.85e-06) suggest potential key levels at 1.91e-06 (38.2%) and 1.88e-06 (61.8%). These levels may act as dynamic support/resistance in the near term. Volume remains elevated during key sessions, especially after 21:00 ET, when a sharp selloff occurred. However, price and volume appear aligned, reinforcing the bearish narrative. The next 24 hours could see a test of the 1.85e-06 support, with a potential break below signaling a more aggressive decline toward 1.82e-06 or lower.

The backtest hypothesis is centered on a MACD-based event-driven strategy, which requires identifying key death-cross events—when the MACD fast line crosses below the slow line. These signals often indicate a shift in momentum and can be used to time entries into bearish positions. Based on the current price structure and the observed bearish divergences, SCRTBTC appears to be in a consolidation phase after a sharp sell-off. A well-timed short position based on a confirmed MACD death-cross could capture the next leg of the downtrend. However, the strategy’s effectiveness will depend on the accuracy of the MACD signal and the timing of entry relative to key Fibonacci and moving average levels.