BFUSD/Tether USDt Market Overview

• • •

• BFUSDUSDT opened at 0.9993 and closed at 0.9992 with a 24-hour high of 0.9996 and low of 0.9990.
• Price action showed a consolidation pattern around 0.9992–0.9993, with no decisive breakout or breakdown.
• Key support at 0.9991–0.9992 held, while resistance around 0.9993–0.9996 showed mixed strength.
• Volume spiked late in the day, particularly around the 05:00–07:00 ET window, confirming the final rally to 0.9996.
• Turnover was uneven, with heavy buying and selling concentrated in the early morning hours.

BFUSDUSDT opened at 0.9993 on 2025-09-04 12:00 ET and closed at 0.9992 on 2025-09-05 12:00 ET, with a 24-hour high of 0.9996 and a low of 0.9990. Total volume for the period was 17,348,800.0 and notional turnover amounted to 17,229,394.3 (in USD equivalent).

Structure & Formations

Price remained tightly consolidated within a 0.9990–0.9996 range for the majority of the 24-hour period, with no clear breakout pattern emerging. A notable bullish engulfing pattern formed at 05:00 ET, as the price surged from 0.9991 to 0.9996, suggesting a temporary shift in momentum. This was followed by a doji at 05:15 ET, which may indicate indecision and a potential consolidation phase. Key support levels at 0.9991–0.9992 were repeatedly tested and held, while resistance at 0.9993–0.9996 showed mixed strength.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned near the 0.9992–0.9993 range, suggesting no strong directional bias. On a daily time frame, the 50-period and 200-period moving averages were not available, but the 100-period MA (based on recent data) hovered near 0.9991, aligning with the key support level.

MACD & RSI

The 15-minute MACD showed a slight bullish divergence around 05:00 ET, with a rising histogram supporting the engulfing candle. RSI reached 60–65 during the breakout to 0.9996, indicating moderate momentum but not overbought conditions. Later, RSI declined into the 50–55 range, suggesting a reversion to mean behavior.

Bollinger Bands widened slightly during the 05:00–07:00 ET window, reflecting increased volatility during the late-night rally. The price peaked near the upper band at 0.9996, then retracted toward the middle band, suggesting a potential exhaustion in the rally.

Volume & Turnover

Volume and turnover were most active during the 05:00–07:00 ET period, with over 1.6 million units traded and a large portion of the daily turnover concentrated in that window. This aligns with the breakout to 0.9996, suggesting confirmation rather than divergence. However, volume declined sharply in the final 3 hours, indicating potential exhaustion.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.9990–0.9996 swing, key levels at 0.9993 (38.2%) and 0.9994 (50%) coincided with price congestion and minor pivots. The 61.8% level at 0.9995 was briefly tested but failed to hold. This suggests that the 0.9992–0.9993 level may be the next area of focus in the near term.

Backtest Hypothesis

A possible backtesting strategy involves entering a long position when the price breaks above a 15-minute high and closes above the 20-period MA, with a stop just below the recent swing low. Given today’s behavior—where price broke out and formed a bullish engulfing pattern—such a trigger would have been activated. A short-term target could be the 0.9995–0.9996 zone, with a stop loss near 0.9991–0.9992. This approach would benefit from the recent volatility and the confirmation of key resistance levels, but it would also require close monitoring for signs of reversal or consolidation.