Bitcoin Forming a Descending Wedge?

BTC 4hr candle chart, approximately 9:45am ET, 9/21/21.

With Bitcoin momentum potentially preparing to swing upwards, and the MFI well into oversold territory, is the sell-side pressure settling? Indicators and technicals may be signaling this, however, there are greater societal/political risks that could affect global markets that still have yet to be settled.

With this being said, while technicals and indicators can be great tools, it’s always important to keep greater fundamental developments in mind as well.