Market Overview for Beefy/Tether USDt (BIFIUSDT) – 2025-09-10

• Beefy/Tether USDt (BIFIUSDT) experienced a choppy 24-hour session with a low of $178.3 and a high of $187.6.
• Price tested key resistance levels around $185.0–$186.4 twice, failing to break through both times.
• RSI showed overbought conditions in the afternoon, followed by a pullback into mid-range territory.
• Bollinger Bands tightened in the morning before a sharp volatility expansion in the late morning.
• High-volume candlesticks emerged near critical support levels, suggesting consolidation may be underway.

BIFIUSDT opened at $179.0 on 2025-09-09 at 16:00 ET, reaching a high of $187.6 before closing at $183.8 at 16:00 ET on 2025-09-10. Total 24-hour volume was 1,290.22 BTC-equivalent, and notional turnover amounted to $232,200. Price action featured multiple attempts to retest the $185–186.4 range, with bearish reversal signs emerging after each failure.

Structure & Formations

Price found critical support around $178.3–178.8 in the early hours, followed by a bullish reversal pattern on the 15-minute chart (a morning star) that led to a 4-hour rebound. However, the $185.0–186.4 range emerged as a strong resistance cluster, where the asset stalled twice, forming potential bearish flags and exhaustion candles. A key bearish engulfing pattern formed near $186.4 in the afternoon, confirming bearish pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are converging with price at $184.1–184.9, signaling short-term consolidation. On the daily chart, price is below the 200-period MA but above the 50- and 100-period MAs, indicating medium-term indecision with a slight bearish bias.

MACD & RSI

The MACD showed a bearish crossover in the afternoon, while the RSI briefly entered overbought territory ($75–80) before retreating below 55. This suggests that short-term bullish momentum has stalled and that bears are regaining control, particularly near $185–186.

Bollinger Bands

Volatility contracted in the early morning as Bollinger Bands narrowed, followed by a sharp expansion at 10:00–12:00 ET as price surged above the upper band. Currently, price is near the middle band, indicating a potential pause in directional movement.

Volume & Turnover

Volume spiked around $183.0 in the early morning and again near $186.4 in the afternoon, suggesting key psychological levels were tested. Turnover aligned with price spikes, indicating strong conviction in both bullish and bearish moves.

Fibonacci Retracements

The recent low of $178.3 and high of $187.6 form a $9.3 range. Price is currently hovering near the 61.8% Fibonacci retraction level at $184.4–184.7, which may serve as either support or resistance in the next 24 hours.

Backtest Hypothesis

A potential backtest strategy could involve entering short positions on a bearish engulfing pattern forming near the 61.8% Fibonacci level, with a stop-loss placed above the 78.6% level at $186.0 and a target at the 50% retrace at $181.8. Given the current positioning near $184.1–184.4, a trigger could be activated with a close below $183.7. This strategy would align well with the RSI divergence and MACD bearish crossover seen today, potentially capitalizing on continued bearish momentum.