Market Overview for Beefy/Tether (BIFIUSDT)

Summary
• Price declined from 105.6 to 103.1, forming a bearish trend with key support at 102.0–102.6.
• Volume surged in the 23:00–05:00 ET window, confirming bearish momentum.
• RSI entered oversold territory at 27, suggesting short-term potential for a rebound.
• Bollinger Bands widened, indicating increased volatility and price consolidation near the lower band.
• Fibonacci 61.8% retracement at 103.5 acted as a short-term resistance, halting upward bounce.

Beefy/Tether (BIFIUSDT) opened at 105.3 on 2025-12-22 at 12:00 ET, peaked at 105.6, and closed at 103.1 on 2025-12-23 at 12:00 ET, with a low of 102.0. Total volume reached 514.4, and turnover was approximately $53,676.

Structure & Formations

The price formed a bearish descending pattern, with key support levels emerging at 102.0–102.6 and resistance at 103.5–103.7. A bearish engulfing pattern was observed during the 23:00–23:15 ET window, confirming a shift in momentum. A potential bullish reversal may occur if the 102.8 level holds and price breaks 103.5.

Moving Averages

Short-term moving averages (20 and 50) on the 5-minute chart remained below the price, reinforcing the bearish trend. Daily 50/100/200 SMA lines show a flattening, indicating indecision in the broader trend.

Momentum and Volatility

MACD lines crossed below the signal line in the 23:00–04:00 ET window, confirming bearish momentum. RSI dropped to 27, suggesting a potential short-term rebound. Bollinger Bands expanded significantly, reflecting increased volatility, with price hovering near the lower band late into the session.

Volume and Turnover

Volume surged to a peak of 32.457 at 19:15 ET and again at 04:30 ET, confirming the bearish move. Turnover aligned with price declines, showing no divergence. Lower volume in the 06:00–10:00 ET window suggests reduced selling pressure.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at 103.5 acted as a key resistance, limiting any bullish bounce after 05:00 ET. The 38.2% level at 103.2 also showed some resistance during the early morning rebound.

Price may consolidate near the 102.0–103.0 range in the next 24 hours, with a potential short-term rebound expected if 103.5 is cleared. Investors should remain cautious as bearish momentum could resume below 102.4.