BTC confirms Symmetrical Triangle, Fundamentals point Lower

We now have multiple touches on both the descending upper and ascending lower trendlines showing BTCUSD in a clear Symmetrical Triangle.
This is not rocket science this is basic triangle patterns, trendlines, and Technical Analysis.
These triangles more often than not respect the fundamentals and if it does so here then we are looking to break down to lower lows.

This however comes on the heels of big news coming out of the US and the Senate passing the 1.9 Trillion dollar bill including the "Biden Bucks"
to every American. This translates into potentially billions in retail potentially entering the market in the next few weeks as the checks start rolling out.
We expect more downside short term. A BTC close above $51.1k would cause us to throw that idea out and look for bullish short-term sentiment...
Right now however we are not bullish... We are still short and holding, we will see what happens as we move further down.
$38 to 39.7k is a huge liquidity zone in our opinions and we have staggered in a lot of spot buys down there.

Remember the 21 week EMA is the line in the sand and that is still down around $31k, so stop FUDing we are still in a Bull Market!