SUI's recent rebound has been extremely strong, far exceeding that of Ethereum, SOL, DOGE, and many other cryptocurrencies. However, it has currently rebounded to a key range, entering a zone of dense positions.

Tomorrow morning, there will be a large unlocking of funds amounting to 2.28% and reaching 262 million USD. If there are no significant positive developments such as ETF-related progress or Grayscale submitting applications, breaking through will be quite challenging.

In terms of operations, short-term buyers should reduce their positions to avoid the risk of tail-end trading. Even if it breaks through 3.7 USD, the pressure at the key level of 4 USD should not be underestimated.

For those who have not yet entered the market, they can wait for a pullback to build positions in batches. In the short term, pay attention to the 3.3 - 3.2 USD range, while in the medium term, monitor the situation around the 3 USD key level.

Recently, the market has issued a large amount of stablecoins, combined with MicroStrategy increasing its BTC holdings, keeping Bitcoin prices high. Although the technical pattern shows a need for a pullback, it has not fallen below the 93000 range and has been in consolidation for a long time. Future trends will need to pay attention to data news at the beginning of the month, observing whether it will drop after consolidation and then surge, or pull back to confirm support at 90000 USD.