[Renowned Analyst: Bitcoin Approaching Fifth Pivot Point, Potential De-Risking Behavior May Occur] BlockBeats News, August 6 – Renowned analyst Killa stated in a post that BTC has risen at the beginning of the month as previously anticipated and is now approaching the 'fifth pivot point,' a time node worth close attention. He pointed out that over the past year and a half, taking a trading direction contrary to the mainstream market narrative during this period has repeatedly captured approximately 3% to 4% of countertrend fluctuations. If historical patterns continue to hold, BTC may exhibit partial de-risking behavior after passing this pivot point. However, Killa cautioned that while the price declined as expected last time, BTC was in a complex consolidation range, which ultimately did not result in a smooth unilateral downtrend but instead continued consolidating until the next pivot point. He noted that historical tendencies still favor countertrend trading, but the current market environment is relatively complex, and both price structure and time nodes are equally important. [Original Link]