Analyst: Bitcoin Approaching Fifth Pivot Point; Potential Risk-Off Behavior Expected

Huoxing Finance reports that on August 6, renowned analyst Killa posted that BTC rose at the beginning of the month as previously anticipated and is now approaching the "fifth pivot point," a timing worth close attention. Killa noted that over the past approximately one and a half years, taking positions opposite to the prevailing market narrative during this period has repeatedly captured reverse movements of around 3% to 4%. If historical patterns continue to hold, BTC may exhibit some risk-off behavior after passing this pivot point. However, Killa cautioned that although prices declined as expected last time, BTC remained within a complex consolidation range and failed to form a smooth one-way downtrend, instead continuing to consolidate until the next pivot point. Killa stated that historical trends still favor counter-trend trading, but the current market environment is complex, making both price structure and timing equally important.