Bitcoin Approaches Fifth Pivot Point, Analyst Warns of Partial De-risking Behavior

On August 6, renowned analyst Killa stated that Bitcoin (BTC) has risen as expected at the beginning of the month and is now approaching the fifth pivot point, which is worth noting. Killa pointed out that over the past year and a half, trading in the opposite direction of the mainstream market narrative during this period has often captured reverse fluctuations of about 3% to 4%. If historical patterns continue to hold, BTC may exhibit some de-risking behavior after passing this pivot point. However, Killa cautioned that although the price fell as expected last time, BTC remained in a complex oscillation range, ultimately failing to form a smooth one-sided decline and instead continued to consolidate until the next pivot point. Killa indicated that historical tendencies still favor reverse trading, but the current market environment is complex, and both price structure and timing are equally important.

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