KTX Crypto Market Analysis: BTC 63K Short Recap, ETH 1700 Defense, and OPEN/LAB Data-Based Trading Lesson (June 25 Livestream Recap)

This article is published under KTX Crypto Academy “Market Analysis” and is based on the official KTX Baize Business School Web3 Chinese community livestream. It covers BTC, ETH, altcoin opportunities, market reviews, and trading education. This session focused on the BTC short setup near 63K, MACD zero-line and fast/slow line lessons, the risk around BTC’s second test of 59K, and strategy discussions for ETH, SOL, ZEC, OPEN, LAB, and UB.

Instructor: Teacher Baize, 10 years of futures trading experience

Livestream Platform: KTX Official Chinese Lark Community

Livestream Date: June 25, 2026

Core Topics: BTC 63K Short Recap · MACD Zero-Line Lesson · ETH 1700 Defense · OPEN/LAB Data-Based Strategy

Full Livestream Replay:

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

1.Key Takeaways

The BTC short setup near 63,000 was validated, as price briefly rebounded above 63,000 before falling quickly.
Teacher Baize showed live positions in BTC, ETH, LAB, and other assets, emphasizing that the current approach still centers on shorting rebounds and holding with the trend.
The key lesson for MACD is not just reading red and green histogram bars, but understanding the position of the DIF and DEA fast/slow lines relative to the zero line.
When BTC tested 59,000 for the second time, volume and rebound strength did not support aggressive left-side bottom fishing.
ETH’s key defense level is near 1,700, while 1680, 1690, and 1700 are better viewed as rebound-short observation zones.
SOL and ZEC both show breakdown-and-retest structures. The focus is not to chase shorts, but to wait for rebounds into resistance.
For OPEN, the focus is not only on candlesticks, but also liquidation maps, open interest, FDV, and long/short positioning.
LAB was used as an example for altcoin data analysis: when OI falls while price rises, the move may be driven by short covering rather than fresh aggressive buying.
Altcoins are more volatile, so light position sizing, low leverage, and strict stop-losses matter more than blindly chasing longs or shorts.

2.Core Questions Covered

Why was the BTC 63,000 area suitable as a rebound-short observation zone?
How should traders read MACD zero line, fast/slow lines, and divergence instead of only looking at histogram bars?
Why was BTC’s second drop toward 59,000 not suitable for direct left-side bottom fishing?
Why is ETH 1,700 an important short-term long/short defense level?
Why should altcoins such as OPEN and LAB be analyzed with liquidation maps and OI data instead of only candlestick charts?
What risks should traders pay attention to when going long or short on altcoins?

3.Opening Review: Using Live Positions to Explain Trading Logic

At the beginning of the livestream, Teacher Baize showed current live positions, including BTC, ETH, LAB, and other assets, and used the KTX trading page to explain how these trades were being managed.

The key point of this recap was not simply to show profits, but to explain the logic behind each position: why the entry was made, why the position was still being held, and when risk should be reduced or stopped out.

4.BTC: 63,000 Rebound Short Recap

The main BTC review in this session was the rebound-short plan near 63,000 from the previous day.

During the livestream, Teacher Baize noted that BTC rebounded slightly above 63,000 before falling quickly, confirming that this area acted as valid resistance. He later added short positions around 61,700, 61,800, and 61,900. The overall approach remained shorting rebounds in a downtrend, rather than blindly chasing shorts after price had already dropped.

Current BTC trading focus:

Before the trend clearly reverses, rebounds are still viewed as short-side opportunities.
When short positions already have floating profits, the defense level should be moved down gradually.
If a rebound cannot break key resistance, the high-level candles should be viewed as weak rebound candles.
Do not assume a trend reversal only because of a short-term bounce.

5.MACD Lesson: Do Not Only Look at Histogram Bars, Watch the Zero Line and Fast/Slow Lines

Teacher Baize used the BTC chart to explain how to read MACD more properly.

Many beginners only look at whether red bars are getting longer or green bars are getting shorter, but that is not a complete method. The real focus should be where the DIF and DEA fast/slow lines are located relative to the zero line.

Core logic:

When the fast/slow lines are below the zero line, even a short-term rebound should not be directly treated as a bullish trend.
When the fast/slow lines return above the zero line, it often means the market is entering a stronger bullish phase.
When the fast/slow lines fall below the zero line, it often signals bearish acceleration or trend weakness.
If price makes a new low but the indicator does not, a local divergence may appear.
If price makes a new high but the indicator does not strengthen at the same time, upside momentum may be weakening.

Teacher Baize emphasized that MACD should not be used alone to decide entries and exits. It is only an auxiliary tool. The real judgment still needs to return to price action, trend structure, and market behavior.

6.BTC Mid-Term Structure: 59K Is Not a Good Place for Blind Bottom Fishing

On the higher timeframe, BTC had already tested the 59,000 area for the second time.

Teacher Baize explained that during the second test of the low, volume did not show a strong enough reversal signal, and the rebound was not clearly stronger. After the first test of 59,000, BTC was still able to rebound quickly; however, the second test suggested that lower-level buying support had already been consumed.

Therefore, 59,000 was not suitable for heavy left-side bottom fishing.

A more reasonable approach:

Wait for a confirmed bottoming structure instead of catching the bottom by feeling.
Watch 4-hour volume and price behavior instead of only focusing on a single candlestick.
If the low is effectively broken, market sentiment may weaken further.
On the mid-term downside, the 51,000 area remains an important observation zone.

The 51,000 level is not a direct instruction to place buy orders. It is an observation area if the downtrend continues.

7.Trading Mindset: Indicators Are Tools, Price Action Is the Core

In the middle of the livestream, Teacher Baize spent time discussing trading mindset.

He emphasized that many traders fail not because they cannot read indicators, but because they rely on indicators too much. Indicators do not create market moves. The real drivers are trend, capital flow, structure, and market participant behavior.

A better order of judgment should be:

First identify whether the market is in an uptrend, downtrend, or range.
Then check whether price has broken key support or resistance.
Then observe whether volume, open interest, and liquidation data support the move.
Finally, use indicators as auxiliary confirmation.

This is also what Teacher Baize referred to as aligning knowledge with execution. Understanding the trend is one thing; actually following it, managing risk, and stopping out when wrong is another.

8.ETH: 1680, 1690, and 1700 Are Rebound-Short Observation Areas

The key ETH focus in this session was the 1,700 defense level.

Teacher Baize pointed out that the previous trapped-long area in ETH had already been broken. If ETH rebounds back toward 1680, 1690, or 1700, traders should not directly chase longs. Instead, they should observe whether new short opportunities form.

ETH current logic:

The 1,700 area is an important short-term resistance level.
If ETH cannot reclaim 1,700, the rebound remains weak.
After a trapped-long zone is broken, rebounds often turn into resistance.
Shorts can be managed around resistance levels instead of chasing at lows.

Teacher Baize’s view is that ETH has not confirmed a trend reversal yet. Short-term rebounds are still more likely to be corrections within a bearish trend.

9.SOL and ZEC: Wait for Retests After Breakdown, Do Not Chase Shorts

SOL has already weakened from its previous upward structure.

During the livestream, Teacher Baize mentioned that profits from the earlier SOL long trade from lower levels had already been taken. After the later breakdown at higher levels, the approach shifted to shorting rebounds. From a chart structure perspective, SOL showed a possible double top, neckline break, rising trendline break, and retest. In this type of setup, the key is not to chase shorts after the breakdown, but to wait for price to rebound toward resistance.

ZEC also showed a bearish structure.

Teacher Baize pointed out that ZEC’s downtrend line had been touched multiple times. After key support was broken, any rebound toward the neckline or trendline resistance area could still be viewed as a short-side observation point.

Common logic for SOL and ZEC:

Neither setup is about chasing shorts at lows.
Both require waiting for resistance retests.
Trendlines, necklines, and former support turning into resistance are the main references.
If price reclaims key resistance, the bearish logic must be reassessed.

10.OPEN: Altcoins Cannot Be Analyzed Only With Candlestick Charts

OPEN was the main altcoin data-analysis case in this session.

Teacher Baize noted that altcoins are different from BTC and ETH. BTC and ETH have larger markets, so technical structure and trend analysis carry more weight. But altcoins often involve stronger market-making and control characteristics, so data analysis is necessary.

Key OPEN data:

Current price was around 0.178.
There was a relatively empty area above price from roughly 0.177 to 0.188.
0.181 and 0.183 were short-term resistance levels.
0.177, 0.176, and 0.175 were short-term support and observation areas.
Long positioning was significantly larger than short positioning, showing that the market was not weak.

Teacher Baize explained that if liquidation pressure above is relatively light, market-making funds may be able to push price upward more easily. However, if long liquidation zones below are too dense, traders should also watch for fast downside wicks.

11.OPEN Chart Structure: It Did Not Follow BTC Down as Strongly

From OPEN’s candlestick structure, although the broader market had fallen sharply, OPEN did not fully follow BTC lower.

Teacher Baize viewed this as a sign that internal capital was still supporting the asset. During a market-wide drop, retail traders often panic sell, but if price holds a key area after a high-volume decline, it may indicate that market-making funds are absorbing chips.

OPEN observation points:

Whether volume continues to support price when it drops into the support zone.
Whether OI remains stable or continues to rise.
Whether the long/short positioning structure remains long-biased.
Whether price can break above 0.181 and 0.183.
If price breaks below the 0.175 area, short-term long logic should be reduced or reassessed.

12.LAB: OI Falling While Price Rises May Indicate Short Covering

LAB was used as the main example for explaining altcoin OI.

After showing the LAB liquidation map, Teacher Baize further explained the relationship between OI and price.

If price rises while OI does not increase, or even declines, it should not be simply interpreted as fresh long capital aggressively entering the market. It may also mean that shorts are closing positions and pushing price upward through short covering.

Key points for LAB:

A price increase does not necessarily mean new long capital is entering continuously.
When OI falls, traders need to distinguish active price pushing from short covering.
Funding rate, OI, and trading volume should be analyzed together.
If a double-top forms at high levels and long-side volume is weak, downside risk remains.
Altcoins are highly volatile, so short-term strength should not lead to heavy chasing.

Teacher Baize also reminded viewers that even when holding a LAB short position, he still adjusts his view based on data changes instead of stubbornly holding because a trade has already been opened.

13.Altcoin Trading Principles: Light Position, Low Leverage, and Strict Stop-Loss

Teacher Baize repeatedly emphasized that altcoin trading logic cannot simply copy BTC and ETH.

Altcoins may offer larger upside potential, but they also carry higher risks of wicks, market-maker control, and thin liquidity. This is especially important when shorting altcoins. The profit ceiling is limited, but if price is aggressively pulled up, losses can expand very quickly.

A more controlled approach:

Do not use heavy positions on altcoins.
Keep leverage low.
Shorts must have stop-losses.
Do not chase shorts at low levels.
Participate only when there is a data advantage.
Avoid coins where conviction is low.

Teacher Baize’s view is that altcoins can be traded, but risk control must always come first.

14.Q&A: UB Rebound Toward 0.070 and 0.086 Before Considering Shorts

In the final Q&A section, a viewer asked about UB.

Teacher Baize said that UB had already broken its rising trendline and had started forming lower highs and lower lows, meaning the trend had weakened. If UB rebounds toward 0.070, traders can first observe short opportunities. If it rebounds further toward 0.086, that would be a stronger resistance area.

UB trading logic:

It is not suitable to blindly chase longs at the current stage.
0.070 is the first rebound observation level.
0.086 is the stronger resistance level.
If the rebound fails at resistance, the bearish structure remains valid.
If price reclaims key resistance, the setup needs to be reassessed.

15.Core Trading Principles

Follow the trend: BTC and ETH are still mainly rebound-short markets.
Do not chase shorts: avoid emotional entries after price has already dropped.
Watch structure: trendlines, necklines, and former support turning into resistance are key references.
Watch data: altcoins require OI, liquidation maps, funding rates, and positioning structure.
Control position size: altcoins are not suitable for heavy positions or high leverage.
Always use stop-losses: especially when shorting altcoins, risk boundaries must be set in advance.
Align knowledge with execution: being right on direction is not enough; execution and discipline matter just as much.

16.Livestream Resources and Participation

Users who have not joined the KTX official Lark community can scan the QR code in the upper-right corner or at the bottom of the livestream. The community shares daily market views, livestream notices, strategy reviews, and related activities.

Baize Business School · 10 Years of Futures Trading Experience · Professional learning and practice for a different future.

This article is based on 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 involves high risk. Please participate cautiously according to your own risk tolerance.