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.
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We're not sitting at the 30% decline at 8.6k
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We're now* (typo)
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If BTC doesn't close above 8.3k by Tuesday, it's going to be downhill for BTC till around the 6k range