[Renowned Trader Killa: Bitcoin Must Hold $80,000 and Form Higher Lows, or the Pullback May Deepen] BlockBeats News, October 13 – Renowned trader Killa posted that for Bitcoin to evolve according to its current structural trend, it needs to form higher lows above $75,500, ideally holding the low near $80,000. This is similar to the trend in 2023, when Bitcoin formed higher highs on the weekly chart, then retraced and held its original range. This might explain why recent low-timeframe movements appear so prone to triggering stop-losses, with aggressive price action and clear signs of algorithmic trading. Bitcoin previously reclaimed its internal structure in the $82,000 range, then retraced, broke below the structure again, and subsequently reclaimed it. The entire market seems to be deliberately luring traders into positions. Admittedly, the initial drop to the $81,000 range was structurally less than ideal. However, a large number of short positions were opened at the lows, which might explain the subsequent price reaction. Another noteworthy detail is that during Bitcoin's drop from $84,100 to $81,000, only about $300 million in long positions were liquidated, whereas during the earlier drop from $86,800 to $80,600, long liquidations exceeded $2 billion. The significant decline in long liquidation volume suggests that the market's reliance on long positions may now be lower than before. The current market situation is quite delicate. Bitcoin needs to form higher lows at its current position to initiate a new round of upward movement; otherwise, this pullback could push the price below $80,000. For now, the so-called 'crash protection team' has done a decent job of maintaining the price, but they are also continuously disrupting the internal oscillation range in lower timeframes. [Original Link]