๐ $BIFI โ 4H Technical Analysis Update
๐ฐ Current Price: $120
๐ Trend: Bearish (Lower Highs & Lower Lows)
๐ RSI(6): 31 โ Near Oversold Zone
๐ Market Structure
After peaking near $157, BIFI has been trending downward. Price is now approaching a key support zone, where a potential reaction could occur.
๐ข Key Support:
$115โ$117
๐ด Key Resistance:
$123
$131
๐ Possible Scenarios
โ Bullish Scenario:
If price holds above $115 and shows a strong bounce:
Targets โ $123
Next โ $131
โ Bearish Scenario:
If $115 support breaks:
Targets โ $110
Next โ $100
โ ๏ธ The overall trend remains bearish until a confirmed reversal structure forms.
Always use proper risk management and stop loss.
#BIFI #crypto #TechnicalAnalysis
๐ฐ Current Price: $120
๐ Trend: Bearish (Lower Highs & Lower Lows)
๐ RSI(6): 31 โ Near Oversold Zone
๐ Market Structure
After peaking near $157, BIFI has been trending downward. Price is now approaching a key support zone, where a potential reaction could occur.
๐ข Key Support:
$115โ$117
๐ด Key Resistance:
$123
$131
๐ Possible Scenarios
โ Bullish Scenario:
If price holds above $115 and shows a strong bounce:
Targets โ $123
Next โ $131
โ Bearish Scenario:
If $115 support breaks:
Targets โ $110
Next โ $100
โ ๏ธ The overall trend remains bearish until a confirmed reversal structure forms.
Always use proper risk management and stop loss.
#BIFI #crypto #TechnicalAnalysis