[Renowned Trader: Do Not Short Bitcoin Once It Breaks the Long-Term Downtrend Line] BlockBeats News, August 7 — Renowned trader Killa posted that once Bitcoin breaks the current long-term downtrend line, do not short it. 'In the previous cycle, many people overcomplicated simple trend shifts, while the weekly chart is the best confirmation signal.' The accompanying chart shows Bitcoin's weekly charts from 2026, 2022, and 2018, all displaying similar descending channel patterns following peak highs, used to draw parallels to the current market structure. Killa, a quantitative trader specializing in BTC, accurately predicted the peak of this bull market in May 2025 and has over 200,000 followers on Platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long positions during the market-wide downturn on June 5. [Original Link]