BlockBeats reported on Aug. 7 that trader Killa warned against shorting Bitcoin once it breaks above its current long-term downtrend line. In his post, Killa said many traders in the last cycle overcomplicated what was ultimately a simple trend shift, adding that the weekly chart offers the clearest confirmation signal. He shared a chart comparing Bitcoin weekly structures in 2026, 2022, and 2018, arguing that all three show a similar descending channel after a local top and can be used to frame the current market setup. The post also referenced Killa’s recent market calls. The BTC-focused quantitative trader previously said in May 2025 that the current bull market had reached its top. He has more than 200,000 followers on X. In mid-April, Killa opened a short on Bitcoin at $74,688, then flipped bullish on June 5 during a broad market sell-off.
According to BlockBeats, trader Killa said on Aug. 7 that Bitcoin should not be shorted once it breaks above its current long-term downtrend line.
Killa wrote, “Many people in the last cycle overcomplicated a simple trend change, and the weekly chart is the best confirmation signal.”
The chart attached to the post showed Bitcoin weekly charts for 2026, 2022 and 2018. In each case, the structure showed a similar descending channel after a high, which Killa used as a comparison for the current market setup.
Killa is a quantitative trader focused on BTC. The post noted that he previously called the top of the current bull market in May 2025 and has more than 200,000 followers on X.
As for positioning, Killa shorted Bitcoin at $74,688 in mid-April and turned bullish on June 5 during a broader market decline.
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