📊 $SUI vs $BTC – Phase of Compression, Not Capitulation
Bias: Cautiously Bullish
Setup: Potential reversal zone
Timeframe: 1D
🔍 What the Chart Says:
📉 From Euphoria to Oblivion
SUI had a parabolic run (late 2024) peaking hard, followed by clean breakdowns from BE-OB zones and MSB invalidations—classic sign of distribution turning into markdown.
🟩 Double Demand + Order Block
Now price is sitting on a critical demand cluster, marked by:
🟢 Demand zone + OB confluence (green box)
✅ Several bullish engulfings (BE) confirming buyer defense
📉 Downtrend momentum losing steam
This is not random—it's structured defense after 2 MSBs back-to-back.
📈 Higher Lows Forming (Micro)
We may be forming a higher low inside the green OB. That's your risk-managed long setup.
🧠 Interpretation & Playbook:
🔸 Short-term view (Swing/Spot):
This is where you bet on mean reversion. A short-term rally toward the Be-OB zone at ~40–50% range is in play.
🔸 Mid-term view:
You don’t flip macro bullish until SUIBTC reclaims the 50–60% zone and breaks last MSB high. Until then, it’s just a rebound, not reversal.
🔸 BTC pair logic:
As BTC.D likely topped recently, SUI and other L1s can rotate up. BTC flat = alts bounce.
✅ TL;DR:
This ain’t the bottom of the cycle, but it looks like the bottom of the current move.
Enter cautiously here with a tight stop.
Target the first red OB — ride the bounce, don’t marry the pump.