Trader Killa says BTC may see an early-month bounce as a new monthly cycle begins

Well-known trader Killa said Bitcoin may be more likely to post a bullish reaction at the start of the month because it is entering a new monthly cycle after the market has already built a strong bearish narrative. In his view, past price action shows that when BTC moves into a new phase under clearly negative sentiment, the market often produces a countertrend move instead. He added that this pattern can fail when a major trend shift is close, pointing to November last year as well as February and June this year as examples. Killa said BTC is still trading in a range and is near bear-market lows, leaving two main scenarios on the table: one final break below $57,000, or a rebound starting this month while price remains range-bound. He also argued that even if BTC eventually moves lower afterward, an initial gain of 2% to 4% early in the month would fit the current market structure more closely.