Published under "Market Analysis" at KTX Crypto Academy, this article is based on the official KTX Baize Academy Web3 market livestream. Baize reviewed the BTC, ETH, and SOL pullback-long plans, then analyzed ZEC, HYPE, LINK, TAO, MU, and related products. Beyond price levels, the session explained the 1-2-3 trend rule, the combined use of Elliott-wave structure and Fibonacci levels, volume-price relationships, differences between tops and bottoms, and the discipline required when a short-term view conflicts with the established trading direction.

Livestream date: August 11, 2026

Instructor: Baize

Platform: Official KTX Chinese Lark community

Full Livestream Replay:

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

Key Takeaways

• BTC shows an advancing structure on both the 2-hour and 4-hour charts. The community plan used roughly $64,888 for the first long entry, $64,333 for an add, and $63,000 as the stop reference.
• BTC first targets $65,300 and $65,900, while the broader structural extension points toward the prior high near $67,000. Once the trend has turned bullish, a small pullback is not enough reason to reverse short.
• ETH's plan used $1,910 for the initial long, $1,880 for an add, and $1,830 as the stop. Technical support sits near $1,896, with upside references at $1,940, $1,980, and $1,987-$1,988.
• SOL's $74.7-$75.5 region combines a Fibonacci retracement with a support-resistance flip. The plan used approximately $75.5 for a long, $72 as the stop, and roughly $78 as the first target.
• ZEC established an initial position near $492-$493 and considered an add near $482. HYPE, LINK, and TAO should not be chased after a rally; pullback and volume confirmation remain necessary.
• A complete process must connect trend, structure, entry, position size, exits, stops, and execution discipline. One candle is never enough.

Core Questions

1. After BTC confirmed a 1-2-3 trend breakout, why should traders avoid shorting every intraday pullback?
2. How were ETH support near $1,896 and resistance near $1,987-$1,988 derived?
3. Why is $74.7-$75.5 the key SOL area, with $72 serving as the plan-invalidation reference?
4. Should ZEC, HYPE, LINK, TAO, and MU be traded immediately, or only after confirmation?
5. How can breakout volume, volume-price exhaustion, and top-versus-bottom shapes improve market assessment?

1. Trading Framework: Confirm the Direction, Then Wait for the Pullback

Baize summarized the process in seven steps: trend analysis, structural analysis, entry selection, trade planning, position management, take-profit and stop-loss placement, and commitment to a validated thesis. Technical tools should not cause constant directional changes. Their purpose is to build a forward-looking plan and execute it when price reaches the relevant area.

The session's central bias was to buy pullbacks. A weak intraday move does not automatically justify a short. When the higher timeframe has broken a descending trendline and formed both a higher high and a higher low, a countertrend short conflicts with the established structure. The more disciplined response is to skip the short and wait for a long entry on the retracement.

2. BTC: First Entry at 64,888, Add at 64,333, and a Structural Target Near 67,000

On the 2-hour chart, BTC perpetuals broke the prior descending trendline and printed both a higher high and a higher low, satisfying the 1-2-3 trend-confirmation framework. Combined with the 4-hour wave structure, the current retracement is treated as a correction inside a fresh advance rather than an immediate return to a bearish trend.

The community execution plan was:

• Open a long near $64,888
• Add near $64,333
• Use $63,000 as the stop reference
• Take partial profits near $65,300 and $65,900

Within the broader structure, $63,800-$64,300 is close to the 0.5 retracement of the impulse. If the pullback holds, the prior high near $67,000 becomes the next major reference. The chart's first Fibonacci extension sits around $67,067, but this is a structural objective rather than a guaranteed one-step destination.

The key lesson was straightforward: seeing a short-term decline does not require opening a short. Once the trend has turned bullish, the priority is to buy a controlled pullback unless the bullish structure itself fails.

3. ETH: Support Near 1,896 and Upside Resistance at 1,987-1,988

ETH perpetuals also broke a descending trendline and formed a higher high and a higher low. The livestream treated the move as a smaller impulse and retracement inside a larger third-wave acceleration, keeping the focus on long entries rather than shorts near support.

The community plan used roughly $1,910 for the first long, $1,880 for an add, and $1,830 as the stop reference, with short-term profit levels at $1,940 and $1,980. In the technical projection, the 0.5-0.618 retracement overlaps important structure near $1,896. The first Fibonacci extension resistance is approximately $1,987-$1,988.

ETH traded near $1,888 during the session, close to this support region. A reclaim and continuation would leave roughly $100 of structural room. A break below the planned stop would require the pullback thesis to be reassessed.

4. SOL: Support-Resistance Flip at 74.7-75.5, With a First Target Near 78

The 8-hour structure in SOL perpetuals was comparatively clear. After breaking a descending resistance line, the $74.7-$75.5 region shifted from resistance into support and also aligned with the 0.382 retracement. The community plan used approximately $75.5 for a long, $72 as the stop, and roughly $78 as the first target.

The principal Fibonacci references were:

• Near $78.2: 0.236 retracement and first resistance
• Near $74.7: 0.382 retracement and the support-resistance flip
• Near $71.9: 0.5 retracement
• Near $69.1: 0.618 retracement

If $74.7-$75.5 fails, the stronger support band shifts toward $71.9-$69.1. The chart also illustrated bullish scenarios toward $83.8 and eventually above $96, but these depend on support holding and a confirmed high-volume breakout. They are conditional paths, not unconditional targets.

5. Trading Lessons: Technical Tools Must Serve Direction and Execution

5.1 Use the 1-2-3 Rule for Direction; Use Waves and Fibonacci for Location

The 1-2-3 rule focuses on a trendline break and the creation of a higher high and higher low. It helps distinguish left-side anticipation from right-side confirmation. Wave structure breaks price action into impulses, pullbacks, accelerations, and exhaustion, while Fibonacci retracements and extensions identify potential entry zones and staged objectives.

These tools are not interchangeable. A Fibonacci level alone does not justify a large position before direction is confirmed. Once direction is confirmed, one short-term bearish candle is not enough to discard the entire plan.

5.2 Two Basic Uses of Volume

The session highlighted two practical functions of volume:

1. Confirming an independent move. A break of a key trendline, neckline, support, or resistance has higher quality when accompanied by expanding volume in the breakout direction.
2. Identifying volume-price exhaustion. Repeated advances without volume that fail at resistance, or repeated declines without volume that hold support, can indicate weakening momentum and rising reversal risk.

5.3 Bottoms Tend to Be Rounded; Tops Are Often Sharper

Baize explained the distinction through accumulation and distribution. Bottoms often require more time for position transfer and therefore tend to form rounded, basin-like, or repeatedly tested structures. Distribution and the following decline can happen faster, producing sharper tops. This is only a structural clue and still requires confirmation from location and volume.

6. ZEC: Initial Entry at 492-493, With 482 as the Key Add Zone

The first ZEC perpetuals entry was near $492-$493, close to the 0.5 retracement. The $482 area aligns with both the 0.618 retracement and a prior support-resistance flip, making it the reference for a potential add.

As long as support near $482 holds, the livestream retains a bullish swing framework. Initial structural resistance sits near $512 and $531. The higher wave path drawn on the chart remains conditional. A decisive loss of $482 would invalidate the case for mechanical adding.

7. HYPE, LINK, and TAO: Bullish Scenarios, but No Chasing

7.1 HYPE: Rebound Structure Exists, but Volume Is Weak

HYPE perpetuals formed support around $53-$55 and attempted to clear a descending trendline. Baize was interested in the long-side possibility but explicitly noted the lack of volume, making the setup unsuitable for a heavy immediate position.

The cleaner response is to wait for support confirmation and improving volume. Without that confirmation, the bullish shape remains only an unverified scenario.

7.2 LINK: The Ideal Entry Was Missed; Reassess Near 8.2

LINK perpetuals had already rebounded from the preferred retracement area to roughly $8.66. The livestream considered the ideal entry missed and rejected chasing at the current price. On another pullback, the first zone to watch is approximately $8.25-$8.18, with deeper support near $7.92-$7.95.

Waiting after a missed entry is part of risk control. A trader should not accept a weaker risk-reward profile simply to ensure participation.

7.3 TAO: Hold 198-200 Before Discussing the Next Advance

TAO perpetuals formed a support-resistance flip around $198-$200. The chart scenario first considered a rebound toward roughly $210, followed by a retest of support. Only if that structure remains valid does an extension toward approximately $248-$250 become relevant.

This is a conditional technical path, not an instruction to chase the current price. The session's actual posture remained cautious and required a pullback and confirmation.

8. MU and the Memory Sector: Rising Lows, but Wait for the Compression Break

Micron perpetuals showed gradually rising lows while overhead resistance drifted lower, creating a compression structure resembling a variant of a symmetrical triangle. Baize retained a bullish watch and held related long exposure, but did not issue a fresh precision entry during the session.

Bearish volume remains meaningful, but bullish absorption is still present. The cleaner approach is to wait for a break of descending resistance and a successful retest rather than increase exposure in the middle of the triangle. The livestream also noted that SNDK and SK Hynix belong to the same memory-related group and have also shown gradually rising lows. No fresh independent entry levels were provided for either product in this session.

9. Trading Principles From This Session

1. Confirm trend and structure before selecting an entry; do not infer the higher-timeframe direction from one candle.
2. Use the 1-2-3 rule to confirm direction, then use wave structure and Fibonacci tools to map timing and location.
3. When the higher timeframe has turned bullish, short-term weakness does not automatically justify a short.
4. A break of a key level should be evaluated together with volume; low-volume breaks are less reliable.
5. Repeated tests without volume that fail to clear a key level can signal volume-price exhaustion.
6. Do not chase after missing a planned entry. Waiting for another pullback is better than damaging the risk-reward profile.
7. Conditional chart paths are not guaranteed targets; support, volume, and invalidation must remain part of the plan.
8. Technical analysis is only the foundation. Long-term consistency depends more on position size, stops, review, and execution discipline.

10. Livestream Resources and Participation

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

Visit KTX Crypto for live markets and trading services, or browse KTX Crypto Academy for more market analysis and trading education.

This article summarizes an official KTX Chinese-community livestream. All price levels, market views, historical trades, and strategies are presented solely as a recap of the session. They do not represent future performance and do not constitute investment advice. Cryptocurrency, derivatives, and leveraged trading involve substantial risk. Make independent decisions based on your own risk tolerance.