BlockBeats News, August 6th – Renowned analyst Killa posted a message stating that BTC saw an upward trend at the beginning of the month as he had previously anticipated. Currently, it is approaching the "fifth pivot point," a key time to watch.

He pointed out that over the past year and a half, during this time period, taking a trading direction contrary to the market's mainstream narrative has often captured about a 3% to 4% price swing. If the historical pattern continues, BTC may exhibit some de-risking behavior after passing this pivot point.

However, Killa warned that although the price dropped as expected last time, due to BTC being in a complex consolidation phase, it did not ultimately form a smooth downward trend but rather continued to range until the next pivot point.

He noted that the historical tendency still points towards counter-trades, but the current market environment is more intricate, with both price structure and timing being equally crucial.