📊 $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.
– Breakdown After Breakdown Trend: Down-only since May 2023 Structure: Still bearish Bias: Short-term bounce → Sell the rip
🔍 What the Chart Says: 🔻 Dominant Downtrend
ENABTC has been trapped in a consistent lower high, lower low structure. Multiple MSBs (Market Structure Breaks) to the downside confirm bearish control.
🟥 Supply Zones = Kill Zones The red zones on top (marked BE/BE-Q) acted as brutal rejection points over and over again. Each visit to that area has led to sharp sell-offs. No reclaim = No reversal.
💥 Demand Weak, Rebounds Faded Even when there were demand attempts (D/BE), they barely triggered anything sustainable. Only one good bounce in early Oct 2024. Everything else got nuked.
📉 Most Recent Zone: DD + BE We’re seeing a Double Demand (DD) area at the bottom now, where price just printed a small bullish engulfing (BE). Historically, this has led to short-term relief rallies—but nothing major.
🧠 Interpretation & Playbook: 🔸 Short-term traders: Expect a bounce. But don’t overstay. Sell around the next BE/OB supply zone if price rallies.
🔸 Swing traders/investors: Stay out unless ENABTC reclaims major MSB zones and invalidates this multi-month downtrend. Right now, it's still distribution → not reversal.
🔸 BTC pair implications: You’re better off holding BTC in this phase. Wait for BTC.D to cool off + macro alt rotation signs before considering heavy alt exposure like ENA.
✅ TL;DR: Downtrend still intact. This bounce is likely another exit pump unless we see real structural change.
We’ve been bleeding inside this Descending Channel since Dec 2021. That’s 3.5 years of underperformance vs. Bitcoin. Brutal. 📉
Last rebound?
🟢 Oct–Dec 2023: bounced hard from bottom → top of channel → exit pump rejected at 0.618 Fib.
Fast forward to now: 🔻 Sitting right at the bottom of the channel again 🔻 $BTC .D near cycle top 🔻 Altcoin sentiment is trash
But here’s the thing: This setup rhymes. Structurally, it screams: exit pump coming soon. Not forever bullish — just a temporary relief. 📈 Expectation: AVAX/BTC revisits top of the channel in coming months.
🧠 Strategy: • Rotate from BTC → AVAX short-term (trade the pump) • Re-assess near resistance — don’t marry the bag
This is a sell-the-rip, not hold-forever play. Unless we break out — then it’s a whole new game.
The $TOTAL altcoin market cap is holding support — but don’t celebrate just yet. Yes, we might have locked in a higher low (vs. April). But until we break ~$950B, this is just chop. Break that level → momentum kicks in → eyes on new cycle highs. Until then: patience, not hopium. watch for : $S $ETH $HYPE
$ENA Ethena look like breakout from resistance level and next we going to next resistance 0.3320-3374 if breakout again maybe we gonna see Ena back to 1.4 by August
$BTC looks like wanna breakout from bullish flag patten on daily chart, and this is the target. maybe we can achieve on July or august if we dont get a black swan
Most of you are still sleeping on $S And that’s wild—because what’s happening here isn’t normal. We're talking next-gen tech, a dev-first ecosystem, and real incentives for builders. Nobody else is doing Fee Monetization (FeeM) like this—literally a new meta. While others fade out, volume here? Still climbing. $25B+ on-chain in 5 months. That’s not hype. That’s usage. This isn’t a “maybe someday” narrative. This is early conviction—before the herd wakes up. #Crypto #WEB3 #SonicLabs