According to Miles Deutscher, when entering new positions in the current market environment, it is preferable to wait for a confirmed reversal rather than attempting to catch a falling knife. Deutscher emphasizes the significance of waiting for a reversal confirmation, particularly when dealing with coins that are retesting key high time frame (HTF) levels, where there is clearly defined invalidation. This approach suggests a more cautious and strategic entry point into the market, allowing traders to avoid potential losses from premature entries. Source: [Miles Deutscher](https://twitter.com/milesdeutscher/status/1889638090635092189).