#Gate13周年现场直击 Is a cryptocurrency trend reversal imminent? How should we position ourselves?

After BTC and ETH surged sharply last night, they have remained in a period of small-scale adjustment up until today. This kind of rapid, minor pullback doesn’t look like the start of a major drop; it looks more like there’s still a need to push higher once more, and only then might a trend reversal begin. The new high created yesterday (78330) has provided a strong reference point. If another push upward forms a new high, there are two possible scenarios. One is a breakout above the high at 78330, creating an even higher peak. The other is a rebound to around 78330, but lacking the strength to break through, forming a relatively parallel double top. In any case, the market is already in a critical position and in a time window where a trend reversal is imminent. For going long, you must know when to take profits and when to cut. For opening short positions, you can build them according to the actual candlestick behavior: when the 4-hour or 1-hour candlesticks show a sideways consolidation at the top, you can gradually lay out your short positions based on your own plan and available funds.

At this moment, you should not rush into opening short positions based on imagination or self-assumed price levels, unless the leverage is low enough. Otherwise, you should wait until the candlesticks themselves form a clear top before opening shorts, because before the top forms, no one can say for sure exactly where the top will be.