#Gate13周年现场直击 BTC drops three thousand points suddenly: watch the situation calmly, or follow the trend and short?

Since BTC hit a near two-month high of $78,330 on April 17, the market has been continuously correcting. As of 15:30 today, the price has fallen below the $75,000 level, with a short-term decline of over 4%. This round of decline has almost occurred without any significant consolidation or rebound correction, unfolding directly with a rapid plunge. This has caught many traders off guard who were waiting for a “rebound before shorting,” causing them to miss the first wave of decline perfectly. Currently, at around the $75,000 level, those chasing the dip to short worry about a quick rebound trapping them, while not trading at all fears missing out if the market drops sharply—this kind of dilemma itself is a clear signal: now is not a good opportunity to act. In the crypto world, it’s better to miss out than to trade impulsively; this old saying is always more valuable than reckless trading.

From a technical perspective, since the top pattern has not yet shown the “second confirmation” (such as a failed test of the previous high during a rebound),
The current strategy is: observe the dynamic relationship between the daily candlestick and the 10-day moving average.
Even if the price quickly breaks below the 10-day MA, one should not rush to conclusions but patiently watch whether a rebound occurs. If the candlestick repeatedly pulls near the 10-day MA and cannot effectively break away, a rebound is likely to follow, confirming a temporary top (not ruling out a new high); conversely, if the price only pauses briefly before effectively breaking below the 10-day MA and fails to recover, then this decline may continue directly, with no second high opportunity.
In summary, without full confidence, it’s not recommended to blindly open positions—whether long or short. For those already holding positions, please consider your risk tolerance, hold cautiously, and set strict stop-losses.