Market Overview for Beefy/Tether (BIFIUSDT)

Summary
• Price tested key resistance at 110.8, consolidating between 108.8 and 110.8 with mixed candlestick signals.
• Volume surged overnight but waned during late AM hours, suggesting fading buying pressure.
• RSI and MACD show weakening momentum, with price near the upper Bollinger Band by morning.
• A bearish divergence in volume and close prices suggests caution for near-term support challenges.
• 61.8% Fibonacci level at 109.3 appears to have acted as a psychological floor during the early morning sell-off.

Beefy/Tether (BIFIUSDT) opened at 110.3 on 2025-12-13 at 12:00 ET, reaching a high of 110.8 and a low of 108.8, and closed at 109.0 on 2025-12-14 at 12:00 ET. Total volume was 692.8, with a notional turnover of approximately 75,785.

Structure & Formations

Price found resistance at 110.8, forming multiple spinning top and doji patterns, signaling indecision. A bearish engulfing pattern developed after 02:15 AM, confirming a shift in momentum. Key support at 109.3 held twice, reinforcing its psychological significance.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart trended lower during the early morning, suggesting bearish bias. On the daily timeframe, the price closed below the 50-period MA, indicating potential bearish continuation.

Momentum and Volatility

RSI peaked above 60 in early hours before declining into the mid-40s, suggesting overbought conditions had corrected. MACD showed a bearish crossover around 02:00 AM, with the histogram contracting afterward. Bollinger Bands expanded as volatility increased, with price testing the upper band multiple times.

Volume and Turnover

Volume spiked around 00:00 AM, reaching 41.691, but dropped off sharply by 05:00 AM despite price attempts to reclaim 110.5. Turnover confirmed bearish pressure overnight but diverged with price during late morning.

Fibonacci Retracements

A key 61.8% retracement level at 109.3 acted as a floor during the morning sell-off. The 38.2% level at 110.0 also offered minor resistance as buyers attempted to defend the 110 level.

Price appears poised for a possible retest of 109.3 ahead of 108.8 in the next 24 hours. A break below 108.8 could trigger further momentum toward 108.4, but a rebound above 110.0 could reinvigorate short-term bullish sentiment. Investors should remain cautious around thin volume windows and key Fibonacci levels.