Market Overview for Beefy/Tether (BIFIUSDT) – 2025-09-16

• Price closed slightly higher at 182.3 after testing a 15-minute resistance level.
• RSI showed overbought conditions mid-session, followed by a pullback toward equilibrium.
• Volatility expanded in the first half, with BIFIUSDT reaching a 15-minute high of 185.2 before consolidating.
• Volume was concentrated in early morning and midday trading, with no clear divergence seen in price and turnover.
• A bullish engulfing pattern formed near 181.0, suggesting short-term support at that level.

Beefy/Tether (BIFIUSDT) opened at 180.4 on 2025-09-15 at 12:00 ET and closed at 182.3 on 2025-09-16 at 12:00 ET, reaching a high of 185.2 and a low of 179.1 during the 24-hour period. Total volume was 552.568, and notional turnover was 98,985.95 (in equivalent USDT).

Structure & Formations

The 15-minute chart shows a key support area forming around 180.5–181.0, with a bullish engulfing pattern confirming the level as a short-term floor. A bearish doji appeared at 185.2, suggesting hesitation after the rally. The pair also formed a small ascending triangle pattern between 180.5 and 184.5, with the breakout occurring at 184.5 but failing to hold above 185.0. Resistance levels now appear at 183.5 and 186.0.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart crossed above 181.5, reinforcing the bullish bias. On the daily chart, the 50 and 100-day SMAs remain aligned above 179.5, with the 200-day SMA acting as a longer-term support at 178.5. Price remains above all three, suggesting continued dominance in the near term.

MACD & RSI

The MACD showed a positive divergence in the morning, with bullish momentum increasing as price moved above 183.0. RSI peaked at 78, signaling overbought conditions, and then pulled back to 61–63, indicating consolidation. If RSI can hold above 50 in the next 24 hours, the bullish case remains intact.

Bollinger Bands

Volatility expanded significantly in the 15-minute chart around 09:00–10:00 ET, with price reaching above the upper band at 185.2. The bands have since contracted, suggesting a period of consolidation. Price is currently inside the bands, hovering above the midline, which supports a potential continuation of the upward trend.

Volume & Turnover

Volume spiked during the early morning and midday rally, confirming the breakout above 183.0. However, afternoon and evening volume remained relatively flat, which may indicate a lack of follow-through buying. Turnover mirrored volume, with no divergence seen between the two, suggesting price action is supported by genuine buying pressure.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 179.1 to 185.2, key retracement levels are 183.0 (61.8%) and 182.1 (38.2%). Price has tested both levels, with a potential retest of 183.0 expected in the next 24 hours. On the daily chart, the 61.8% level is at 184.0 and remains a key target for continuation.

Backtest Hypothesis

A backtesting strategy could be built around the formation of bullish engulfing patterns at key support levels, combined with RSI re-entry above 55 and a positive MACD cross. A stop-loss could be placed below the nearest Fibonacci retracement level, with a take-profit at the next resistance zone. This strategy aligns with today’s price behavior and could be used as a model for automated trading signals in similar setups.