The analysis examines SUI/USD on the 1-hour timeframe, noting a pullback expected and underway as part of a wave 4 correction. Altcoins are experiencing some decline due to Bitcoin dominance increasing. The speaker references potential B-wave or wave-4 pullback and highlights two potential bullish scenarios: an upward move to form a fifth wave targeting 5.30, or a possible third wave with even higher targets depending on if the low from August 2nd is wave 2 or 4. The immediate support zone must hold between 3.69 and 3.41 for the analysis to remain valid. A break below 3.41 would indicate that the second wave is still unfolding with a focus shift to a lower support level at 2.64, the main support. Five waves up are needed to confirm a meaningful low. Current observations show only a three-wave move to the upside, emphasizing the significance of Fibonacci support. To keep the perspective alive the market need to hold the support zone.