This article is published under KTX Crypto Academy's "Market Analysis" section and is based on the KTX Baize Academy Web3 official market livestream. It covers BTC, ETH, altcoin opportunities, market review, and trading education. This session focuses on the BTC 65.2K-65.8K rebound short zone, ETH's 1770/1880/1930 three-level short plan, LAB/OPEN/ZEC/HYPE/WLD altcoin strategies, position management, and the principle of shorting rebounds instead of chasing breakdowns.

Instructor: Zeyu, with 7-8 years of crypto contract trading experience

Platform: KTX Official Chinese Lark Group

Date: June 22, 2026

Core Focus: BTC/ETH rebound shorts · ETH three-level entry plan · Altcoin short-term setups · Position and account management

Full Livestream Replay:

The full KTX Baize Trading Academy Web3 market livestream has been uploaded to YouTube.

1.Key Takeaways

• The broader market is still treated as a downtrend. A short-term rebound does not equal a trend reversal.
• BTC's first rebound short zone is around 65.2K-65.8K, with 66,666 as the first defensive reference level.
• If BTC continues higher, the 68K-71K area is still viewed through a bearish lens, while 73K becomes a key stop-loss and reversal observation area.
• ETH has already reached the first short zone near 1770, with 1880 and 1930 as the next two major resistance zones.
• Only if ETH breaks effectively above 2000 and BTC breaks effectively above the 70K area should traders reassess the current rebound-short framework.
• Altcoins are highly differentiated. LAB, OPEN, ZEC, HYPE, WLD, and SPCX should not be traded with one single approach.
• Position management remains the core: major coins can use higher leverage with smaller size, while altcoin leverage should generally stay within 10x.

2.Core Questions From This Session

1. After BTC rebounded above 65K, why is the plan still to look for short entries instead of chasing longs?
2. Why does ETH need a staged short plan at 1770, 1880, and 1930 instead of one heavy entry?
3. Why is it still too early to rush into spot buying or large-scale long positions?
4. Why do LAB, OPEN, ZEC, HYPE, and WLD require different trading logic?
5. How should traders separate intraday trading, trend trading, and altcoin short-term strategies across different accounts?

3.Overall Market View: The Bottom Is Not Confirmed Yet, Rebound Shorts Remain the Main Plan

Zeyu continued his previous market view: the current market has not yet confirmed a major bottom, so short-term rebounds should still be treated mainly as shorting opportunities.

He mentioned that around last year's National Day period, he had identified a major market top and expected a possible major bottom window around June to August 2026. Since June 22 is already close to the end of the month, the probability of forming the major bottom in June is now lower. A more realistic observation window may be July or August.

Therefore, the current plan is not to rush into spot buying or enter large long positions early. The better approach is to wait for the market to release more downside space. Once a clear bottoming signal appears, traders can then consider spot accumulation and contract long positions.

Core logic:

• The market has not bottomed yet, so there is no need to rush.
• Short-term rebounds remain shorting opportunities.
• Change the strategy only after a clear bottom structure appears.
• Do not chase shorts after a drop; wait for rebounds into planned zones.

4.Trading System Education: Separate Trend Accounts and Intraday Accounts

At the beginning of the session, Zeyu emphasized the importance of separating trading accounts.

He suggested that traders should have at least two accounts: one for trend trades and one for intraday trades. The reason is that trend positions and intraday positions have completely different holding periods. If everything is mixed in one account, short-term volatility may affect trend positions, and trend exposure may interfere with intraday execution.

A more reasonable setup:

• Trend account: for positions held over weeks, months, or longer.
• Intraday account: for executing daily trading plans.
• Altcoin short-term account: if trading high-volatility altcoins, it is better to isolate them separately.

Zeyu also reminded users that Baize and Zeyu may have different systems, entry levels, and judgment methods. Traders do not have to blindly follow one side. If they already have their own trading system, they can use both instructors' views as references. If they do not yet have a system, they can first practice execution through the instructors' strategies.

He stressed that independent thinking is where real trading progress begins.

5.BTC: 65.2K-65.8K Is the First Rebound Short Zone

BTC has rebounded from its low, and Zeyu's first short zone is around 65.2K-65.8K.

His logic:

• After rebounding from around 59K, BTC is approaching a Fibonacci resistance area.
• The 65.2K-65.8K area can be used as the first short-entry zone.
• 66,666 can serve as a short-term defensive reference.
• If this zone is broken, BTC may continue rebounding toward 68K-71K.

For higher levels, Zeyu does not believe that BTC must turn bullish just because it reaches 68K-71K. If the market really rebounds into this zone, he would still treat it as a bearish setup, but the stop-loss must be clearer.

Key levels:

• First zone: 65.2K-65.8K
• First defense: around 66,666
• Second resistance: 68K-71K
• Higher stop/reversal observation: around 73K

If BTC breaks effectively above 73K, the bearish logic may need to be reassessed. Before that happens, the main strategy remains shorting rebounds.

6.ETH: 1770/1880/1930 Three-Level Entry Plan, Do Not Chase Low Shorts

ETH was the most detailed major-coin discussion in this livestream.

Zeyu said ETH had already reached the first short zone near 1770, and he had participated near that planned area. If ETH continues to rebound, 1880 and 1930 remain the next two key short zones he is watching.

ETH key levels:

• First zone: around 1770
• Second zone: around 1880
• Third zone: around 1930
• Reversal observation: reassess only after an effective break above 2000

Why not enter one heavy position at once?

Because the range from 1770 to 1930 is wide. If a trader goes full size at the first level, there will be no room to add at higher resistance, and short-term volatility may easily damage the trader's mindset.

A better approach is staged entry and staged management:

• Enter only when price reaches the planned area.
• Do not chase low shorts.
• The closer the rebound gets to higher resistance, the clearer the short setup becomes.
• Position size must be able to withstand further rebound.

Zeyu clearly stated that he currently does not have an active long plan. ETH has already rebounded from the low, and chasing longs now carries higher risk while the market still has potential downside.

7.Position Management: Do Not Trade With an All-In Mindset

Zeyu repeatedly emphasized position management in this session.

He said all-in trading may look fast in the short term, but its biggest problem is that traders cannot afford one mistake. Even if someone wins ten trades in a row, one final all-in mistake can still wipe out the account.

A more stable approach:

• Small funds can be used for high-risk challenges, but core capital should not be used this way.
• Larger capital must be managed more steadily.
• Trading is not about getting rich in one shot; it is about building ability day by day.
• A healthy account curve should rise gradually, not jump to the sky one day and fall to zero the next.

Zeyu's position-size reference:

• BTC/ETH: 50-100x leverage can be used, but each position should usually be only 1%-2% of the account, and preferably not above 5%.
• Altcoins: leverage should generally stay within 10x.
• High-volatility altcoins: trade short-term only and avoid heavy stubborn positions.

8.Altcoin Strategy Review

8.1 OPEN: Use Limit Orders for Swings, Take Profit When Available

OPEN remained one of the altcoins Zeyu watched closely.

He mentioned that previous livestreams had provided OPEN limit-order zones, and he had traded several short-term swings through limit orders. The approach for OPEN is not to hold heavily for a long time, but to place orders near key levels, catch part of the move, and exit.

OPEN strategy from this session:

• The 0.212-0.218 area had been an important limit-order zone.
• The token is more suitable for short-term swing trades than chasing.
• Once profit is available, lock it in instead of treating floating profit as guaranteed profit.

8.2 LAB: Three Short Setups Reviewed, Take the Middle Move and Do Not Get Greedy

LAB was one of the most discussed altcoins in this session.

Zeyu reviewed three recent LAB short trades:

• First trade: shorted around 18.18 and closed near 15, but did not catch the absolute low.
• Second trade: shorted again near 16.16 and closed around 13.
• Third trade: entered through limit orders around 16-17, with an average near 16.8, then closed around 14.

However, he stressed that successful short-term shorts do not mean traders should heavily short LAB for the long term.

LAB has already risen more than 100x from the low. If another strong pump appears, the price may even move above 40. For short sellers, the biggest risk is not that the token fails to drop, but that it suddenly pumps again.

Principles:

• Small short-term shorts are acceptable.
• Do not hold heavy long-term short positions.
• Take one segment of the move and lock in profit.
• Do not expect to catch the absolute bottom every time.

8.3 ZEC: Daily MA5 Resistance, Still a Rebound-Short Setup

ZEC has rebounded near its daily MA5, and Zeyu's view remains to look for short opportunities after rebounds.

He believes that if the broader market accelerates downward again, altcoins may fall more sharply than BTC and ETH. For ZEC, the medium-term target below 100 remains worth watching, but this process may still take one or two months.

During the Q&A, a user asked about a ZEC short position. Zeyu said a short cost near 500 was very good. Chasing lower now is less comfortable. He only participated with a small position around 459, and may consider adding around 475 or 485 if ZEC rebounds.

8.4 HYPE: After a New High, Still Treat Rebounds as Short Opportunities

HYPE has been psychologically difficult to trade. Its previous head-and-shoulders structure was invalidated by a new high, but Zeyu does not believe this means HYPE is now safe to chase long.

His approach:

• Do not chase shorts at low levels.
• Wait for rebounds before looking for short entries.
• Directionally, still treat it as bearish.
• The exact levels may differ from Baize's strategy, but the overall thinking is similar.

8.5 WLD: Strong in the Short Term, Do Not Blindly Chase Shorts

When WLD was discussed, Zeyu said it was still relatively strong in the short term.

For a token that has already shown strength, traders should not short it simply because it "looks high." The biggest problem with shorting altcoins is asymmetric risk: the maximum downside is 100%, but upside can be several times, ten times, or even more.

Therefore, WLD is better watched than emotionally shorted.

8.6 SPCX: Not Suitable for Shorts Yet, Be Patient

A user asked about SPCX during the Q&A.

Zeyu's answer was direct: SPCX is not suitable for shorting yet, and traders should be patient.

The reason is that the token has already made a strong move, and shorting it directly is not comfortable. If traders want to short altcoins, ZEC and HYPE currently provide clearer setups than forcing a trade on SPCX.

9.Core Trading Principles

1. Short rebounds, do not chase breakdowns.
2. Before BTC/ETH effectively break key reversal levels, do not change the bearish framework.
3. For ETH, watch 1770, 1880, and 1930 as staged short levels instead of going full size at once.
4. For BTC, watch 65.2K-65.8K and 68K-71K as two resistance zones.
5. Altcoins have more short-term opportunities, but shorting them carries higher risk.
6. Major coins can use higher leverage with smaller size; altcoins should generally stay within 10x.
7. Separate trend accounts and intraday accounts to avoid interference.
8. Instructors' views can be used as references, but every trader must eventually build their own system.

10.Q&A Highlights

Q1: Is a BTC short around 65,500 acceptable?

Zeyu said 65,500 is still within the planned short zone from this session, but traders must manage stop-loss and position size. A nearby entry does not mean the position should be heavy.

Q2: What about a ZEC short near 500?

A ZEC short near 500 has a good cost basis. Since the price has already moved lower, chasing now is less attractive. If ZEC rebounds toward 475 or 485, that may be a more suitable area to consider adding shorts.

Q3: Can SPCX be shorted?

Not yet. Zeyu said SPCX still needs more observation, and traders should not short it immediately just because it has pumped.

Q4: How should position size be set?

For major coins such as BTC and ETH, 50-100x leverage can be used, but each trade should usually be only 1%-2% of the account and preferably not above 5%. For altcoins, leverage should generally stay within 10x.

11.Livestream Resources and Participation

Users who have not joined the KTX official Lark group can scan the QR code in the livestream screen to join. The group shares daily market views, livestream notices, strategy reviews, and related activities.

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

This article is organized from the KTX official Chinese community livestream. All market analysis and trading views are for reference only and do not constitute investment advice. Cryptocurrency contract trading involves high risk. Please participate cautiously based on your own risk tolerance.