Bitcoin $BTC has hit its previous high but hasn't broken above it yet. If it doesn't break above it in the next four hours, a pullback is expected. Similarly, Ethereum $ETH has reached 61.8 but hasn't broken above it yet, having reached resistance. With such a surge on a Monday morning over the weekend, there's no reason to chase the trend, both based on experience and market conditions. Mid-term short positions require observation and time. At the current intraday level, shorting offers a better profit-loss ratio than long positions.