SUI perfect reaction from the 0.726 mid-range as shared last week. Price wicked above the range high, closed back below, and gave a pin-point retest of the 50% level. The target is back to the 0.78 range-high, and if BTC can continue the uptrend, a 2nd attempt to reclaim the previous HTF range. If we remain bullish and get acceptance above the 0.862 level, I'm scaling-in longs. With acceptance I mean 4H and daily closes above the level and price finding value/consolidate above. If Bitcoin can continue to pump and consolidate with spot and perps buying, altcoins have room for another leg. With setups like this it's important to always define the market-regime Bitcoin is in. If BTC goes for a bigger retracement we could see a retest of the 0.672 range-low. This could also give nice long-opportunities if BTC continues the uptrend after. I'm watching liquid altcoins during times like this.(Lennaert Snyder)