$BTC wick sweep above structure was a classic stop run, grabbing liquidity from breakout traders before the real move.
The daily bearish engulfing that printed right at resistance is not random, that is smart money distribution in real time.
Now price is sitting back at the trendline confluence with support, the exact zone where late longs get shaken out or bailed out.
Break and close below that trendline and this setup confirms for a clean short. Hold and bounce means the liquidity grab is done and we likely continue higher.
Either way do not chase the wick, wait for the candle to close and let the market pick a direction.
This is the kind of setup that separates patient traders from the ones who get trapped at the highs.
Clean charts, clear mind, better trades.