$SUI

Wait for two days, listen carefully to the gong sound, then enter the market—only then will it truly be the moment when 'heavenly secrets move'.

1. Trend Structure Judgment: Neither bulls nor bears are dead, direction is unclear

🔍 Structure rhythm sorting

On the 3h chart, a rebound rhythm of 'LL → LH → LL → LH' has appeared, but it has not yet broken through the previous high (around 3.47), and there is still a clear supply zone pressing from above.

The 45m and 15m charts show significant structural BOS and HL increases, indicating that the rebound has confirmed momentum, but the 3h level is still in the 'pullback phase' of the mid-downtrend.

🧭 Currently more likely is:

Scenario A: Fluctuating rebound → Attracting long positions → Subsequently sweep through liquidity → Truly start;

While Scenario B: The probability of a direct reversal leading to a strong V-shaped rebound is currently low—the present 3h rhythm still lacks a 'higher low + CHoCH'.

2. Data Insight: Emotional balance, after liquidation the bears dominate

Contract trading volume +55%, open interest +14% → Clearly indicates a rebound in activity;

Bull-bear ratio fluctuates between 1.04 to 1.3+ → Bullish sentiment still exists, but is no longer extreme;

In the past 24 hours, the amount of liquidation between bulls and bears is almost equal, and the funding rate for open positions is stabilizing → Indicates that sentiment has shifted from 'extreme' to 'gameplay';

Funding Rate weakening + OI slowing + transaction expanding, combined with price not breaking through the structure, a typical scenario of 'the main force is looking for the next wave of capital structure points'.

Summary Judgment

🔍 The main force does not have a complete intent to short, as it is still maintaining the structure and continuously creating HL;

🔍 It also does not plan to make it easy for people to enter, as the position is close to the structural critical zone (3.47–3.55), and once it breaks, it faces the 3.77 supply zone;

⏳ The direction is not yet clear, but momentum is being accumulated again, waiting for a more explicit structural change or a 'spike' to break the deadlock.