This article is published under KTX Crypto Academy "Market Analysis" and is based on the KTX Baize Academy Web3 official market livestream. It covers BTC, ETH, altcoin opportunities, market reviews, and trading education. This session focuses on BTC's long-to-short transition after the 62K breakout, ETH position management around a key neckline, and strategy opportunities in ZEC, SOL, HYPE, and other altcoins.

Main instructor: Teacher Baize

Livestream platform: KTX official Chinese Lark group

Livestream date: June 10, 2026

Core topics: BTC 62,000 breakout long review · BTC 63,500 short review · ETH neckline retest and descending triangle · Core trend position + intraday rolling position strategy · ZEC head-and-shoulders top and support-resistance flip · SOL 123 pattern and 64.6-65.2 short zone · HYPE staking unlock and head-and-shoulders top warning · WLD symmetrical triangle breakout setup

Key Takeaways:

• BTC: After the breakout long near 62,000, profits were taken near 64,000, and the strategy shifted toward short opportunities around 63,500.
• ETH: The larger trend remains bearish. Around the key neckline, the priority is to "take half off and keep half."
• ZEC: After the head-and-shoulders breakdown, focus on the support-resistance flip.
• SOL: Watch the 64.6-65.2 resistance zone after the 123 pattern.
• HYPE: Do not chase longs. Wait for a neckline breakdown and a retest before considering shorts.
• Trading lesson: The core method is core trend position + intraday rolling positions.

1.Main Market Analysis: The Larger Trend Remains Bearish, Reduce Positions at Key Levels Instead of Rushing Into a Reversal

The focus of the June 10 livestream was not the short-term movement of any single token. It centered on one core trading question: when BTC, ETH, and ZEC shorts have already produced profits, and price reaches key support or neckline areas, should traders keep holding, close everything, or reverse into longs?

Teacher Baize's approach was clear: the trend is still bearish, but when price reaches a key battle zone between bulls and bears, traders should not stubbornly hold the entire short position, nor should they immediately go long simply because there is short-term support. A more reasonable approach is:

• Take half off profitable shorts first to lock in part of the gains.
• Keep the core trend position and do not close the entire trend trade.
• If price rebounds to resistance, add the short position back.
• If price effectively breaks below a key level, wait for the retest and then rebuild the position.
• Do not force a directional trade before confirmation.

During this livestream, the CPI data was released at 20:30, and price saw a short-term rebound. However, Teacher Baize believed that this type of news could affect the intraday move, but it did not change the current bearish trading framework for BTC and ETH.

2.Live Position Review: BTC, ETH, and ZEC Shorts Were All Reduced by Half

2.1 Current Positions Are Mainly Short, With Half Taken Off After Profits

This BTC trade was divided into two stages:

• Stage one: go long when BTC broke out near 62,000
• Stage two: after price reached around 64,000, build shorts around 63,500 Teacher Baize emphasized that BTC's larger trend was still bearish at the time, so the long near 62,000 was a short-term breakout trade, not confirmation of a major trend reversal. Once the long reached the target area, profits should be taken. If the rebound later gives a better entry, the strategy should return to shorting the bounce.

The follow-up plan for BTC:

• Do not chase shorts at the current level.
• If price rebounds to around 63,500 or 64,500, continue watching for short opportunities.
• If price drops to key support, shorts can be reduced or profits can be locked in, but it is not recommended to immediately reverse into longs.

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3.ETH: Neckline Retest + Descending Triangle, With "Take Half Off and Keep Half" as the Core

3.1 ETH Is Retesting a Key Neckline Area

ETH was the most concentrated teaching example in this session.

From the chart structure, ETH previously completed a neckline breakout and retest. However, the rebound later lacked strength, and price returned to the key neckline area. This level itself is one of the most intense battle zones between bulls and bears.

Teacher Baize's judgment was that the weekly, monthly, and larger trend structures still suggested further downside for ETH. But after price reached neckline support in the short term, a rebound could not be ruled out. Therefore, this is not a place to add heavy shorts one-sidedly. The first step is position management.

Trading plan:

• High-level shorts already have profits, so take half off first.
• Keep the remaining half as a core trend position.
• If price rebounds to upper resistance, add the short back.
• If price effectively breaks below the neckline, wait for the retest before adding the short back.

3.2 Descending Triangle: Lower Highs Above, Support Temporarily Holding Flat Below

Teacher Baize specifically explained ETH's descending triangle during the livestream.

The structure of a descending triangle is:

• The upper trendline keeps pressing down.
• Each rebound high becomes lower than the previous one.
• Lower support temporarily stays around a relatively horizontal level.
• Price keeps narrowing between the descending trendline and horizontal support. This structure usually suggests that bears still have the advantage. However, before support officially breaks, the market may continue to fight around that area. Therefore, Teacher Baize did not choose to keep holding a heavy short at support. Instead, he emphasized taking half off first and waiting for the market to choose direction.

3.3 Core Trend Position + Intraday Rolling Positions: Half Follows the Trend, Half Manages the Rhythm

The most important trading lesson in this session was the combination of "core trend position + intraday rolling positions."

Teacher Baize gave an example: if the notional size of an ETH short position is 50,000 U, and the larger trend remains bearish, traders should not close the entire short position. At least 40%-50% should be kept as a core trend position, allowing that part to continue following the larger direction.

The remaining position can be used for intraday rolling:

• When price drops to key support, close part of the position first.
• When price rebounds to resistance, add the short back.
• If price breaks below support, wait for the retest before adding back.
• Do not add randomly in the middle of the range.

The benefit of this approach is that traders do not completely miss the larger trend, while also reducing the risk of giving back too much profit during short-term rebounds.

3.4 Why Not Reverse Long at Support?

Teacher Baize specifically stressed: seeing support does not mean traders must go long.

The reason is that BTC and ETH had already shown right-side bearish signals on the one-hour timeframe: price broke below the neckline, failed to reclaim it on the retest, and then continued falling. Since the one-hour structure had already turned bearish, when price reaches a level that may bounce, the more reasonable action is to reduce or close part of the short position, not to open a counter-trend long.

The core conclusion:

• Support can be used to lock in short profits.
• Support is not always suitable for reversing into longs.
• Trend-following is more important than occasionally guessing a rebound correctly.
• Do not treat one profitable counter-trend trade as a long-term method.

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4.ZEC: After the Head-and-Shoulders Breakdown, It Should No Longer Be Treated as a Bullish Structure

4.1 ZEC Has Broken Its Uptrend Line and Is Now Retesting a Key Level

ZEC was another key short review in this session.

Teacher Baize pointed out that ZEC had already broken its previous uptrend line, and price had now returned to a key support or neckline area. This level previously acted as support. After the breakdown, if price retests it, the same area can turn into resistance.

Therefore, ZEC's handling is similar to ETH:

• Shorts are profitable, so take half off first.
• If price continues to break below the key level, wait for the retest and then short again.
• If price rebounds to a higher area, look for a new short entry.
• Do not go long directly just because there is short-term support.

4.2 Head-and-Shoulders Top + Support-Resistance Flip Is the Core Bearish Logic for ZEC

Teacher Baize gave two main reasons for the bearish view on ZEC.

First, ZEC had formed a relatively clear head-and-shoulders top:

• Left shoulder
• Head
• Right shoulder
• Neckline breakdown Second, whether using a horizontal neckline or a slanted neckline, ZEC had already broken down. After the breakdown, price retested the neckline area but failed to reclaim it. This is a typical support-resistance flip.

Teacher Baize also mentioned that ZEC previously showed a downside wick that acted like a directional hint. Since the head-and-shoulders pattern had already broken down, the chart should no longer be treated as a strong bullish structure.

4.3 Trading Is About Probability, Not 100% Certainty

Using ZEC as an example, Teacher Baize again emphasized that there is no 100% certain level in trading.

Many people can draw support and resistance, but the truly important question is: what is the probability of a successful rebound from this support? If a support level only has a 30% chance of bouncing, even if it eventually bounces once, that does not mean the trade was worth taking.

A more reasonable approach is to only take setups with higher win rates. Teacher Baize described it this way: there is no 100%, but traders can try to get as close as possible to 80%-90% probability. If you already feel uncertain or nervous before entering a trade, do not force the trade.

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5.SOL: Watch the 123 Pattern, With 64.6-65.2 as the Short Observation Zone

5.1 SOL Is Weak on the Daily Chart, but Shows a Small-Cycle Rebound Structure on the One-Hour Chart

SOL was one of the main altcoin examples in the second half of the session.

On the daily timeframe, SOL remains weak and has already shown a breakdown structure. However, on the one-hour timeframe, price started to show signs of a small-cycle rebound.

Teacher Baize used SOL to explain the 123 pattern:

• Step one: break above the previous downtrend line.
• Step two: form a new high higher than the previous high.
• Step three: form a new low higher than the previous low.

If all three points are satisfied, it suggests a short-term reversal on the one-hour timeframe. But this does not mean the larger trend has turned bullish. It only means price may rebound toward a resistance zone.

5.2 A Trendline Drawn With Two Points Is Only a Projection; the Third Reaction Confirms It

Teacher Baize also used SOL to explain how to draw trendlines.

Two points can define a straight line, but with only two points, the line is still only a projected trendline. A truly valid trendline needs price to touch or approach it for a third time, react from it, and then continue moving in the original direction.

In other words:

• Two points draw the line and help project the third area.
• A reaction at the third point gives the trendline validity.
• Traders should not assume the market will respect a line just because they drew it.

5.3 SOL Short Observation Zone: 64.6-65.2

Combining the downtrend line, neckline retest, and resistance levels, Teacher Baize identified the SOL short observation zone roughly around:

• 64.6
• 64.8
• 64.88
• 65
• 65.2 This is not about chasing shorts. The idea is to wait for price to rebound into a resistance confluence zone before shorting. Teacher Baize clearly said that the prerequisite for this trade is price reaching the corresponding area. If it does not get there, do not force the trade.

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6.HYPE: Stop Chasing Longs, Wait for a Head-and-Shoulders Neckline Breakdown Before Looking Short

6.1 The Earlier Head-and-Shoulders Bottom Long Trade Has Finished; This Is No Longer a Place to Chase Longs

HYPE was one of the most closely watched altcoins in this session.

Teacher Baize reviewed that HYPE previously formed a head-and-shoulders bottom. Based on the left shoulder, head, and right shoulder structure, two long trades had already been completed and profits had already been taken.

However, the current price area should no longer be handled with the previous bullish head-and-shoulders bottom logic. After pulling back from the high, price started to form new horizontal support and a potential head-and-shoulders top.

Teacher Baize's stance was clear:

• If it continues rising, do not chase longs.
• Do not short directly at the current level.
• Wait for the neckline to break.
• After the breakdown, wait for the retest.
• If the retest fails, then short.

6.2 Staking Unlocks + Profit-Taking Longs Create Dual Supply Pressure

For HYPE's fundamental logic, Teacher Baize explained it from the perspective of supply and demand.

HYPE's earlier rise was driven by strong expectations, imagined use cases, and demand that exceeded supply. But as price continued to move higher, supply released from staking unlocks and profit-taking by early longs would gradually create dual pressure.

When demand can no longer absorb the increasing supply, price can easily shift from a strong uptrend into high-level consolidation or even decline.

Teacher Baize believed that HYPE currently has a valuation mismatch problem: as a new token, expectations were hyped too strongly and price rose too far. Later, it may need to return to a more reasonable level.

6.3 If the Head-and-Shoulders Top Confirms, Leave Room for at Least 20% Downside

Teacher Baize set strict conditions for trading HYPE:

• Set an alert at the key neckline area first.
• If price does not break down, do not short early.
• Once price breaks below key support, wait for the retest.
• If the retest fails, then short with the trend.

If the head-and-shoulders top structure eventually confirms, Teacher Baize believes HYPE should leave room for at least around 20% downside. The lower support can be observed using the daily uptrend line and previous key tops that may have turned into support. Fibonacci does not necessarily need to be used.

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7.WLD: Do Not Trade Inside the Symmetrical Triangle, Wait for the Breakout

Near the end of the livestream, Teacher Baize briefly reviewed WLD.

The current issue with WLD is that highs are getting lower while lows are also gradually rising, forming a compression structure similar to a symmetrical triangle.

This structure should not be simplified as "lower highs, so short" or "higher lows, so long." The real key is to wait for the breakout:

• If price breaks upward, then look for long opportunities.
• If price breaks downward, then look for short opportunities.
• Before the breakout, do not force a trade.

Teacher Baize personally leaned bearish, but also clearly stated that the current structure did not provide enough room to enter immediately. A better approach is to set price alerts and wait for the market to choose direction.

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8.Core Trading Principles: Those Who Know How to Buy Are Students; Those Who Know How to Sell Are Masters

The truly valuable part of this livestream was not just the price levels of several tokens, but the complete trading method behind them.

The core principles can be summarized into seven points:

1. Trend comes first: When the larger direction is bearish, long trades should only be treated as short-term rebounds, not reversals.
2. Manage positions at key levels first: When short positions are profitable and price reaches support or a neckline, taking half off can be more reasonable than only holding stubbornly.
3. Do not lose the entire core position: Keep at least 40%-50% of the trend position to continue following the larger direction.
4. Intraday rolling positions need clear levels: Close part at support and add back at resistance. If price does not reach the level, do not trade randomly.
5. Avoid low-probability counter-trend trades: Making money once from buying support does not mean the method is sustainable.
6. Wait for the retest after breakdowns: After a key level breaks effectively, there is often a retest opportunity. There is no need to chase the breakdown impulsively.
7. If uncertain, do not trade: Trading is a game of probability. If you already think the setup has a low win rate, there is no need to force it.

 

Teacher Baize repeatedly emphasized one sentence during the livestream:

"Those who know how to buy are students; those who know how to sell are masters."

Mature trading is not only about finding entries. It is about knowing when to take profit, when to reduce exposure, when to keep a core position, and when to wait for the market to choose direction.

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9.Livestream Resources and How to Join

Users who have not joined the KTX official Lark group can scan the QR code in the upper-right corner of the livestream to enter the group. The group shares daily market views, livestream notifications, strategy reviews, and related activities.

Baize Academy · 10 years of futures trading experience · Professional learning and practice for a different future

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For more KTX Crypto market analysis, market reviews, and trading education, visit the "Market Analysis" section of KTX Crypto Academy.

 

This article is based on the KTX Baize Academy Web3 official market livestream on June 10, 2026. All market analysis and trading suggestions are for reference only and do not constitute investment advice. Crypto futures trading involves extremely high risk. Please participate cautiously based on your own risk tolerance.