Market Overview for Beefy/Tether (BIFIUSDT) – 2025-09-17 12:00 ET

• Price declined from $185.6 to $180.1 over 24 hours.
• Volatility increased mid-session, then stabilized near $180.1.
• RSI and MACD suggest oversold conditions and bearish momentum.
• Bollinger Bands tightened toward session end, signaling possible breakouts.
• Volume and turnover diverged from price, with volume dipping near the close.

Beefy/Tether (BIFIUSDT) opened at $183.2 on 2025-09-16 12:00 ET and closed at $180.1 on 2025-09-17 12:00 ET, reaching a high of $185.9 and a low of $180.1. Total volume was 664.42 and notional turnover amounted to $122,245.86.

Structure & Formations

The 24-hour candlestick pattern shows a bearish exhaustion with a strong decline from the mid-session high of $185.6 to a low of $180.1. Key support levels were tested around $182.0 and $180.0. A long bearish candle at $180.6 (09:15–09:30 ET) and a hanging man pattern at $180.9 (14:00–14:15 ET) suggest possible short-term rebounds. Resistance at $184.5 and $185.5 has repeatedly failed.

Moving Averages

The 15-minute chart shows price closing below the 20SMA and 50SMA, indicating a short-term bearish bias. On the daily chart, the 50DMA, 100DMA, and 200DMA all trend downward, supporting a continuation of the bearish trend.

MACD & RSI

The MACD turned negative in the final hours of the session, confirming bearish momentum. RSI dropped to the oversold zone (30–35) in the final four hours, suggesting potential for a short-term bounce but not a reversal. The divergence between price and RSI suggests caution.

Bollinger Bands

Bollinger Bands expanded in the early hours of the session and contracted toward the end, signaling a potential breakout. Price closed near the lower band, reinforcing bearish sentiment and suggesting a test of the 179.9–180.1 support level in the near term.

Volume & Turnover

Volume spiked mid-session during the $183.6–185.6 rally but dropped significantly in the final hours, despite a continued price decline. This divergence between price and volume raises the possibility of a short-covering bounce. Turnover followed a similar pattern, with a drop in the final 3 hours of the session.

Fibonacci Retracements

On the 15-minute chart, price found support at the 61.8% retracement level ($181.3–181.4) before breaking down. The key daily Fibonacci level at 61.8% of the recent $185.9–$180.1 move is at $182.5, which has been tested multiple times and appears to be failing as support.

Backtest Hypothesis

The backtesting strategy described involves entering short positions on a break of the 50SMA on the 15-minute chart, with a stop-loss above the 20SMA and a target at the nearest Fibonacci retracement level. Given the current price action, this strategy would have triggered a short entry multiple times during the session. However, the divergence between volume and price and the RSI entering the oversold zone suggest a modified approach—such as tightening stops or waiting for a potential bounce—may be necessary for the next 24 hours.

Price may test $179.9–180.1 next, with a possible rebound into $181.5–182.0. However, with bearish momentum intact and volume diverging, investors should remain cautious and watch for a potential break below $180.0, which could accelerate the decline.