Instructor: Zeyu

Platform: KTX Official Chinese Lark Group

Livestream Date: June 9, 2026

Key Focus: BTC 59,000-60,000 long review - 63,500-65,600 short setup - ETH 1666 intraday rebound - ETH 1830-1920 resistance zone - ZEC post-bad-news rebound and 485-510 short zone - OPEN/WLD/PLAY altcoin opportunities - Fibonacci entries and position management

1.Main Theme: Rebounds Can Be Traded, but the Bigger Direction Still Leans Toward Choppy Downside

The core of the June 9 livestream was not simply whether to go long or short. The real question was: after BTC dropped to around 59,000 and rebounded, should traders chase the long, wait for a short setup, or stay patient?

Zeyu's view was clear: the market may still have short-term rebound and consolidation room, but the larger structure has not confirmed a real reversal. After BTC and ETH pulled back from their highs, the market still needs time to wash out positions, consolidate, and digest liquidity. A clean one-way bull move is unlikely to start immediately.

The session can be summarized in five points:

• BTC: The 59,000-60,000 long setup has already taken profit. 63,500-64,500 was a short opportunity, while 64,600-65,600 is a better rebound short zone.
• ETH: A long around 1666 can be used for an intraday rebound, but in a bear-market structure, ETH remains the preferred asset for shorting.
• Larger cycle: June to September remains an important window to watch for bottoming opportunities, but another 20%-30% downside risk still needs to be reserved.
• Altcoins: There are opportunities, but they require smaller positions, lower leverage, and fewer simultaneous holdings.
• Trading method: Fibonacci gives zones, not exact points. When you have position advantage, you can hold. When you do not, you wait.

2.BTC: 59K Long Review and 64,600-65,600 Rebound Short Zone

2.1 The 59,000-60,000 Long Setup Has Taken Profit

Zeyu first reviewed the previous BTC long setup.

Key levels:

• Long entry zone: 59,000-60,000
• Take-profit zone: 63,500-64,400
• Short reference zone: 63,500-64,500
• Better short zone: 64,600-65,600

The logic behind the long was that BTC had reached the 59,000 area and showed short-term rebound demand. This was suitable for an intraday rebound trade. However, Zeyu emphasized that this was not confirmation of a major bottom. It was a short-term trade, and once the target area was reached, profit-taking was necessary.

2.2 After Breaking the Rising Channel, BTC Still Offers Rebound Short Opportunities

From the chart, BTC rebounded and then broke below the short-term rising channel, showing that short-term bullish momentum had weakened.

However, Zeyu did not interpret this as an immediate crash. He stressed that the downside process may be complicated: price may break the channel, bounce back into a choppy range, and only later continue lower. It may also form a weak rebound before dropping again.

His trading logic:

• The overall direction still leans downward.
• Do not chase shorts.
• If price rebounds into a better resistance zone, shorts can be built gradually.
• If you want to short from the current area, position size and leverage must be controlled.

The key lesson is that being bearish does not mean every price is a good short entry. The closer price gets to resistance, the better the position advantage. If the entry is not ideal, the position must be smaller.

2.3 June to September Is a Bottom-Watching Window, Not a Signal to Go All In

Zeyu mentioned that after the market pulled back from its highs earlier this year, June, July, August, and September may all be important months for watching a larger bottoming opportunity.

But that does not mean traders should go all in right now.

His risk expectation was that BTC around the 60K area and ETH around the 1600 area are not extremely expensive, but if the market continues lower, BTC could still drop more than 10,000 dollars, while ETH could still fall another 300-400 dollars. Overall, another 20%-30% downside space should still be reserved.

So the BTC conclusion is not "the bottom is already in." Instead:

• Long-term spot buyers can start paying attention to lower-level opportunities.
• For futures, the short-term plan still favors shorting rebounds.
• The real large opportunity requires either an acceleration down or a more complete consolidation process.

3.ETH: 1666 Intraday Long and 1830-1920 Resistance Zone

3.1 The ETH 1666 Long Is a Counter-Trend Rebound Trade

The intraday ETH long level discussed in this session was around 1666.

Zeyu said that in a short-term choppy structure, ETH around 1666 can be used for an intraday rebound long. But he also emphasized that this is a counter-trend trade. Position size must be controlled, and it should not be treated as a trend reversal.

ETH's bear-market characteristics are obvious: it is weaker than BTC, its declines are smoother, and its downside percentage is larger. In this round, BTC fell by slightly more than 20% from its high, while ETH dropped from around 2400 to around 1500, close to a 40% move.

Therefore, if choosing an asset to short in a bear-market structure, Zeyu prefers ETH.

3.2 1770, 1830, and 1920 Are ETH Resistance Levels

ETH has three main resistance layers above:

• Around 1770: near the 0.5 level
• Around 1830: near the 0.618 level
• Around 1920: a higher rebound resistance area

For larger short positions, Zeyu prefers the 1830-1920 zone. For a shorter-term rebound short, 1750-1790 can also be watched as a resistance area.

The point is not to be accurate to a single dollar. Resistance should be treated as a zone. In actual trading, an error range of 10-20 dollars on ETH and around 500 dollars on BTC is normal.

4.Altcoins: Opportunities Exist, but Position Size Must Be Reduced

4.1 Altcoins Cannot Be Traded Like BTC or ETH

In the altcoin section, Zeyu first gave a general rule: altcoins do have opportunities, but they cannot be traded with the same standards used for BTC and ETH.

The reasons are direct:

• Smaller market caps and lighter order books make them easier to control.
• Weaker liquidity means chart patterns are less reliable.
• Moves of 10% or even several dozen percent can happen quickly.
• Once the broader market drops, altcoins usually fall faster.

Therefore, altcoins are more suitable for lighter positions, lower leverage, and fewer simultaneous holdings. Traders who are used to 100x, 150x, or 200x on majors must lower leverage on altcoins, sometimes to 3x, 5x, 8x, or 10x.

4.2 Do Not Hold Too Many Altcoin Positions at the Same Time

Zeyu stressed that the current market is still in a bear-market phase, so long positions in altcoins should not be too large.

If one instructor analyzes seven or eight names, another analyzes another ten, and traders want to enter all of them, they may end up holding twenty or thirty positions. That becomes hard to monitor and even harder to manage if BTC suddenly drops.

A more reasonable approach:

• Outside BTC and ETH, keep only three to five altcoins with the highest conviction.
• Avoid names with low confidence.
• Altcoin trades can be quick "hit and run" setups.
• Long-term heavy holding is not yet the best approach in the current market.

5.ZEC: Do Not Chase Shorts After Bad News Has Landed, 485-510 Is the Better Short Zone

5.1 ZEC Dropped from Above 600 to 250, and the Bad News Has Already Been Priced In

ZEC was one of the key altcoin cases in this session.

Zeyu reviewed ZEC's previous decline: it fell quickly from above 600 dollars to around 250 dollars, losing more than 400 dollars in a short time. The drop was accompanied by negative news, which amplified market panic.

But he stressed that after the negative news is out, traders should not keep chasing shorts at low levels.

The reason is that news is often lagging. When bad news has already pushed price sharply lower and panic selling has already appeared, chasing shorts becomes risky. A better approach is to wait for the post-news rebound and then watch the upper resistance zone.

5.2 ZEC 485-510 Is the Short-Watching Zone

Zeyu's ZEC short-watching zone is 485-510.

His view: ZEC rebounded from around 250 to around 480, nearly doubling from the low. That shows short-term strength. But the more aggressive the coin, the more important it is not to chase in the middle.

Trading plan:

• Do not rush to short below 480.
• 485-510 is the better short zone.
• If price breaks above 510 effectively, a stop should be considered.
• If price reaches around 520 and traders are still holding the short, the stop-loss distance becomes much larger.

This section was also a risk-control lesson. Zeyu said that stop losses on altcoins should not be too wide. Around 10% is more reasonable. If someone shorts from the 440 area and sets the stop at 520, the stop distance is close to 20%, which puts heavy pressure on the trade.

6.OPEN, MOV1, WLD, and PLAY: Buy Pullbacks, Do Not Chase Rallies

6.1 OPEN: Healthy Structure, Watch Pullback Opportunities

OPEN was one of the names Zeyu was more optimistic about in this session.

He said OPEN's structure looks relatively healthy. It is not a violent pump followed immediately by a dump. Instead, it rises, pulls back, and then gradually moves higher again. On a higher timeframe, OPEN shows a rounded structure, so if it continues to strengthen, it can be watched as one of the more important altcoin candidates.

But the strategy is still to wait for pullbacks, not chase the rally.

6.2 MOV1: High Volatility, Possible Accumulation Candidate

MOV1 was described as a highly debated and highly volatile asset.

It has fallen a lot from its high. Zeyu believes that if this type of asset later recovers, the upside room could be meaningful, so it can be treated as a possible accumulation candidate. But because its intraday volatility is very large, position size must remain light.

6.3 WLD/PLAY: World Cup Narrative Has Heat, but Watch for Selling Around the Event

WLD showed strength in this session, and World Cup-related names are still receiving market attention.

Zeyu reminded traders that World Cup-related assets can rally as the event approaches, but after the event begins, funds may take profit, sell into strength, or create pullbacks. PLAY is also a highly volatile name. It was previously discussed below 0.09, then fell to around 0.07 before becoming active again.

For these assets:

• Consider them only after pullbacks.
• Do not chase after they have already rallied.
• Keep position size and leverage small.
• Moves of 10%, 20%, or even more are normal.

7.Trading Method: Fibonacci Gives Zones, and Position Advantage Determines Mindset

7.1 Fibonacci Is Not Used to Find One Exact Point

In the second half of the session, Zeyu explained how he uses Fibonacci levels.

When drawing Fibonacci from a high to a low, short setups should focus on rebound resistance zones. Each Fibonacci level can be treated as a potential support or resistance area, but it is not an exact price. It is a zone with some room above and below.

Using ETH as the example:

• Around 1666 was the intraday long area.
• 1750-1790 was the short-term rebound short zone.
• 1830-1920 was the larger short-building zone.

Zeyu emphasized that traders cannot expect to be accurate within 1 or 2 dollars every time. Occasionally catching an extremely precise entry is more about luck. Over the long run, traders need to think in zones.

7.2 Trend Positions with Strong Entry Advantage Should Not Be Shaken Out by Short-Term Volatility

Zeyu used BTC and ETH shorts as examples. If a trader holds a very high-position short, such as ETH from around 2300/2400 or BTC from above 81,000, then current rebounds do not change the advantage of that trend position.

When the entry is strong enough, the mindset becomes stable. Without position advantage, traders become hesitant.

His approach:

• High-position trend shorts can continue to be held.
• Small intraday positions can be used separately to stay in rhythm.
• If a clear right-side reversal appears, then consider closing the trend position.
• If there is no good entry, wait for one instead of forcing a trade.

This was one of the most important lessons of the session: trading does not require going heavy every day. Big opportunities only appear a few times each year. When there is no major opportunity, focus on intraday trades. When the major opportunity appears, use position advantage to capture the larger move.

8.Key Trading Principles from This Session

1. A rebound is not a reversal: BTC and ETH are still in a choppy downside structure.
2. Do not chase shorts: if bearish, wait for rebound resistance. 64,600-65,600 gives better position advantage than the current area.
3. Counter-trend longs must be light: ETH 1666 can be used for an intraday rebound, but not as a trend reversal.
4. In a bear-market structure, ETH is the preferred short: it is weaker than BTC and has larger downside elasticity.
5. Keep fewer altcoin positions: do not hold twenty or thirty names at the same time. Focus on three to five.
6. Use lower leverage on altcoins: below 10x is more reasonable, and during extreme volatility even 3x-5x is not low.
7. Stay calm around news: good news can become a bull trap, and bad news can also lead to a post-news rebound.
8. Fibonacci levels are zones: ETH can have 10-20 dollars of tolerance, while BTC can have around 500 dollars.
9. Stop losses must be realistic: wide stops on coins like ZEC can seriously affect trading psychology.
10. Position advantage matters most: if there is no good entry, wait. If there is a good entry, act with conviction.

9.Livestream Resources and How to Join

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This article is based on content from the KTX Official Chinese Community livestream. All market analysis and trading ideas are for reference only and do not constitute investment advice. Cryptocurrency futures trading carries extremely high risk. Please participate carefully according to your own risk tolerance.