Key Takeaways

• The BTC long setup around 64,500-65,000 is an intraday rebound trade, not a position to hold for the long term.
• The ideal BTC trend-short area was originally around 68,000, but BTC failed to reach the 0.618 retracement, which suggests weaker price action.
• ETH has rebounded more cleanly into the 0.618 area, with 1838 acting as a key trend-short watch zone. For long positions opened around 1733-1777, a break below 1700 should trigger a stop.
• OPEN had a clear trade review: entry around 0.2258, exit around 0.2514, and new buy orders only around 0.2168 and 0.2048 after a pullback.
• ZEC is close to the 0.786 rebound area and remains a bearish watchlist name if the broader market turns lower.
• Altcoins can be studied, but they should not be traded with heavy size. Names such as SIREN, H, and PLAY can produce extreme wicks and rapid drawdowns.
• The livestream also highlighted the Federal Reserve meeting around 2:00 a.m. on June 18, which could increase short-term volatility.

Core Questions

• Why should BTC longs be treated as intraday rebound trades instead of trend positions?
• Why does BTC failing to reach 68K suggest market weakness?
• Why should ETH shift from a long setup to a trend-short watch once it reaches 1838?
• Why did OPEN longs need to be closed around the 0.786 retracement instead of being held for a breakout?
• Which altcoins are worth watching, and which ones should simply be avoided?
• Why is capital protection more important than catching every possible trade in this market?

1.Market View: Rebounds Can Be Traded, but the Main Bias Is Still Short

Zeyu's market view in this session was clear: short-term rebound trades can be taken, but the broader trading bias remains bearish.

BTC and ETH intraday long positions were active during the session, but these were rebound trades, not trend longs. If price rebounds into a reasonable level, the priority is to close the long first, then consider whether to rotate into shorts.

The current rhythm can be summarized as follows:

• Intraday longs are acceptable, but they must have a stop loss.
• Long positions should be closed after a rebound, not turned into long-term holds.
• BTC and ETH are still being prepared mainly from a downside perspective.
• Altcoins are only suitable for small-position observation.
• Volatility may increase around the June 18 Federal Reserve meeting.

Zeyu also emphasized that major trend opportunities may only appear a few times each year. Intraday accounts and trend accounts should be separated so that short-term trades do not accidentally become long-term losing positions.

2.BTC: Close Longs After the 65K Rebound, Then Start Watching for Shorts

2.1 The Original Short Plan Was Around 68K, but the Market Has Weakened

The original ideal BTC short plan was to wait for a rebound toward 68,000, near the 0.618 Fibonacci retracement.

During the livestream, BTC failed to push toward that level and instead weakened near 65K. Zeyu interpreted this as a sign of weak price action. If the daily candle cannot recover, this rebound may already be close to its local top.

His view:

• BTC failing to reach 0.618 shows weak buying power.
• Upside room may be smaller than expected.
• Existing lower-level short positions do not necessarily need to be cut immediately.
• New long positions should only be treated as intraday rebound trades.

2.2 The 64,500-65,000 Long Setup Is Not a Trend Long

BTC could be lightly bought around 64,500-65,000, but the nature of the trade is short-term only.

If price rebounds toward 65,300 or 65,500, longs should be gradually closed. If BTC pushes further toward 66,000, traders can start watching for short entries.

Trade framework:

• 64,500-65,000 is only a rebound-long area.
• Take profit or reduce near 65,300-65,500.
• If BTC moves toward 66,000, light short entries can be considered.
• 63,500 is the stop-loss reference for the long setup.
• Holding longs without a stop is risky.

Zeyu reminded viewers that if BTC resumes its downtrend, the downside could still be in the range of 10,000-20,000 dollars. If BTC falls that much, altcoins may fall much harder.

3.1 ETH's Rebound Is Cleaner Than BTC's

Compared with BTC, ETH's rebound structure is cleaner. On the daily chart, ETH has already rebounded toward the 0.618 retracement, around 1838.

Zeyu identified this as the area where trend shorts can start to be watched. In the previous session, ETH had already completed a long-to-short rotation around 1838, and the short side had a decent profit-taking window afterward.

3.2 The 1733-1777 Long Setup Should Be Treated as Short-Term

The ETH long area discussed in the livestream was around 1733-1777. Since 1733 was not fully reached, some positions may still have been slightly underwater, but Zeyu said there was no need to panic in the short term.

However, this is not a trend-long position.

Execution logic:

• ETH longs should be closed after a rebound.
• If ETH breaks below 1700, the long should not be held.
• 1838 remains the key trend-short watch area.
• If price moves higher, the 0.786 area around 1929 is the next resistance zone to watch.

Zeyu stressed that if a trade is wrong, it should be stopped out. A simple trade should not be made complicated by overthinking.

3.3 Trading Lesson: Do Not Hold Losing Positions or Lock Positions

This ETH section also led into an important trading lesson.

Zeyu clearly said that he does not recommend holding losing positions or using position locks.

The reasons:

• Holding losing trades often leads to adding more margin and making the position worse.
• Locking positions may look like risk control, but it often traps the trader mentally.
• After locking, traders become afraid to close either side.
• If the stop should be hit, failing to take it can cost more future opportunities.

The better approach is to define position size, take-profit levels, and stop-loss levels before entering. Once the stop is reached, execute it.

4.OPEN: Take Profit Around 0.786, Wait for Pullback Orders

OPEN was one of the clearest altcoin reviews in this session.

Zeyu said he previously entered OPEN around 0.2258 and closed the trade around 0.2514. The reason for closing was that price had rebounded into the 0.786 retracement area of the previous move.

The key lesson was not to sell at the absolute top, but to take profit when the planned level is reached.

Follow-up plan:

• Do not chase higher.
• Wait for a pullback.
• First buy-order area: around 0.2168.
• Second buy-order area: around 0.2048.
• If price falls deeper into the 0.786 pullback area, the setup should be re-evaluated.

Zeyu emphasized that altcoins can rise quickly and fall just as quickly. OPEN can be traded, but only at planned levels.

5.Altcoin Opportunities and Risks: Study Them, but Do Not Trade Heavy

5.1 ZEC: Close to 0.786, Still a Bearish Watch

SIREN was used as a typical example of extreme altcoin risk.

Zeyu reviewed its price action and noted that this type of coin can rise multiple times from a low, but can also nearly collapse in a single wick. The livestream mentioned several extreme moves:

• A sharp drop toward the 0.05 area.
• A later multi-fold rebound.
• Another major washout from high levels.
• Extremely large single-candle wicks.

His conclusion was direct: this type of token is too difficult for ordinary traders, and he does not give any trading suggestion for it.

6.Q&A and Closing Reminders

6.1 When Should BTC Shorts Be Considered?

Zeyu said the current long positions should be finished first. After a rebound, longs should be closed. If BTC moves above 65,500 or toward 66,000, light shorts can be considered again.

6.2 What If ETH Longs Are Underwater?

The ETH long zone is around 1733-1777. If price rebounds, longs should be handled first. If ETH breaks below 1700, the long should not be held.

6.3 Are Altcoins Better Opportunities?

Altcoins move more, so they look like they offer more opportunities. But risk is also much higher. Zeyu warned that if BTC drops only slightly, altcoins can fall dozens of percent. Altcoins should only be watched or traded with small size.

6.4 What About XRP and TRX?

Zeyu said XRP and TRX are not priority names for this market. He mainly treated them as risk reminders rather than trading opportunities.

6.5 What Is the Most Important Principle?

Safety first. Protect capital.

Zeyu emphasized that account losses may look like just a number on screen, but they represent real money. If a major opportunity appears and the trader has no capital left, even the right judgment becomes useless.

7.Core Trading Principles

1. The main bias remains short; intraday longs are only rebound trades.
2. Longs should be closed after a rebound, not turned into trend positions.
3. BTC can be watched for shorts around 65,500-66,000.
4. ETH 1838 is the key trend-short watch area, and longs below 1700 should not be held.
5. OPEN profits should be taken around 0.786, then traders should wait for pullback orders.
6. ZEC and HYPE can be watched from the short side, but altcoin shorts should not be oversized.
7. Extreme-volatility names such as SIREN, PLAY, and H are not suitable for heavy positions.
8. Do not hold losing positions or lock positions. Define stop-loss levels before entering.
9. Watch for volatility around the Federal Reserve meeting at 2:00 a.m. on June 18.
10. Every trading decision should start with capital protection.

This article is based on KTX official Chinese community livestream content. All market analysis and trading ideas are for educational reference only and do not constitute investment advice. Cryptocurrency futures trading carries high risk. Please trade carefully according to your own risk tolerance.