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Renowned trader: Once Bitcoin breaks through its long-term downtrend line, never short it.

55 minutes ago

Well-known trader Killa stated in a post that once Bitcoin breaks its current long-term downtrend line, never short the asset. "Many people overcomplicated simple trend shifts in the last cycle, and the weekly chart is the best confirmation signal," he noted. His accompanying chart displays Bitcoin's weekly charts from 2026, 2022, and 2018—all three feature similar post-peak descending channel patterns, used to draw parallels to the current market structure. Killa, a quantitative trader specializing in BTC, previously predicted the peak of this bull run in May 2025, and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, and switched to long positions during the broad market sell-off on June 5.

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