BTC Upper wick formed on the daily. The past 2 months, once a long upper wick is presented, it showed us the top has been reached and a reversal is pending. I would expect a huge sell-off from there. Notice after both upper wicks, there was a 30% drop. It's very likely we may see the same results once again.
I'm not sure if we'll see an 84% drop like last year, but it's so obvious that we need down correction.
If you take a look at the chart, it's formed the same pattern. I believe a major fall is pending.