Market Overview for Beefy/Tether (BIFIUSDT) on 2025-09-13

• Price opened at $184.9 and surged past $190 before consolidating near $193, with a 24-hour high of $198.0.
• Volatility spiked in the early hours, with volume peaking at 281.826, confirming strong buying pressure during upward swings.
• A bullish breakout above $190 was followed by a short pullback, but momentum remains intact with RSI hovering near neutral.
• Key resistance levels at $193.5 and $195.0 were tested, with support likely forming around $190.0–$191.0 if the pullback continues.
• MACD showed positive divergence in the final 15-minute candles, suggesting potential for a short-term continuation of the bullish trend.

The BIFIUSDT pair opened at $184.9 at 12:00 ET–1 and reached an intraday high of $198.0, closing at $193.3 as of 12:00 ET on 2025-09-13. The 24-hour volume amounted to 1,901.185 units, while notional turnover hit approximately $363,885. Price action showed a strong early morning breakout above $190, followed by a consolidation phase and a midday rally into the high $195s before a late afternoon pullback.

Structure & Formations

BIFIUSDT displayed a strong bullish engulfing pattern as it surged past $190 and into the $193–195 range. A high-volume bearish pinbar formed at $195.5 in the morning, suggesting a potential area of profit-taking or profit protection. The asset tested key psychological levels such as $190, $193, and $195, with strong buying pressure at $193.0–195.5. A bearish harami pattern formed near $195.8 during the morning pullback, indicating potential for a short-term reversal.

Key Resistance and Support Levels

- Strong Resistance: $195.8 (tested mid-morning), $198.0 (24-hour high)
- Key Support: $190.0 (initial breakout level), $189.0 (retested after 2:00 AM), $188.5 (intraday low during afternoon pullback)
- Candlestick Patterns: Bullish engulfing at $190.0, bearish pinbar at $195.5, and bearish harami at $195.5

Moving Averages

On the 15-minute chart, the 20-EMA and 50-EMA were in bullish alignment, with the 20-EMA crossing above the 50-EMA in the early hours. This confirmed a shift into a short-term bullish trend. Daily moving averages, including the 50, 100, and 200-day EMA, remain in a bullish alignment, suggesting a continuation of the uptrend if the current support levels hold.

MACD & RSI

The MACD line turned positive in the early morning and stayed above the signal line for most of the session, confirming bullish momentum. RSI reached a high of 68 in the late morning and pulled back to the mid-50s in the afternoon, indicating strong but not overextended bullish pressure. A positive divergence appeared in the final hours of the session, suggesting a potential continuation of the bullish bias.

Bollinger Bands

Volatility was notably high in the morning, with the Bollinger Bands widening as price surged past $190. Price closed near the upper band during the morning rally but retreated into the middle band by the afternoon. The recent contraction of the bands in the late afternoon suggests a period of consolidation, with the potential for a breakout or continuation of the current trend.

Volume & Turnover

Volume spiked significantly during the morning hours, especially between 2:00 AM and 4:00 AM, when price broke through the $195.0 level. Notional turnover followed a similar pattern, with the highest turnover concentrated in the early morning and late morning hours. There was no notable divergence between price and volume, confirming the strength of the bullish trend.

Fibonacci Retracements

Applying Fibonacci retracements to the recent swing from $184.9 to $198.0, the 23.6% level is at $195.2, the 38.2% at $193.4, and the 61.8% at $190.0. Price found support at $193.3, aligning with the 38.2% level, and may test the 61.8% retracement level ($190.0) in the next 24 hours as it consolidates.

Backtest Hypothesis

Given the observed bullish momentum and the alignment of key technical indicators, a potential backtest strategy could be to go long at the break of the morning high of $195.5 with a stop loss placed at $190.0 (the 61.8% Fibonacci level and strong support). A target could be set at $198.0, the 24-hour high, and an exit at the 20-EMA once the trend shows signs of weakening. This setup leverages the strong 15-minute and daily timeframes, MACD confirmation, and volume-driven price action, aiming to capture a continuation of the current bullish trend.