📊
$BIFI – 4H Technical Analysis Update
💰 Current Price: $120
📉 Trend: Bearish (Lower Highs & Lower Lows)
📍 RSI(6): 31 – Near Oversold Zone
🔎 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.
🟢 Key Support:
$115–$117
🔴 Key Resistance:
$123
$131
📈 Possible Scenarios
✅ Bullish Scenario:
If price holds above $115 and shows a strong bounce:
Targets → $123
Next → $131
❌ Bearish Scenario:
If $115 support breaks:
Targets → $110
Next → $100
⚠️ The overall trend remains bearish until a confirmed reversal structure forms.
Always use proper risk management and stop loss.
#BIFI #crypto #TechnicalAnalysis