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The structure has now shifted completely.
Anyone still holding on for new lows needs to adapt, fast.
Bitcoin has now reclaimed the low of its previous trading range.
When this happens, it signals that the impulsive move is done.
When a move is impulsive, the price will never go back to meet its previous high/low of the range.
And you can see here in this chart that in 2022, as soon as Bitcoin actually reclaimed the low of the recent range, it marked the bottom.
The same has just happened here.
Bitcoin has reclaimed the low of its wave 3.
Charts that impulse up or down to make new highs/lows do so with strength.
And with the price now reclaiming its previous range low, the uptrend is now stronger than the downtrend.
This is another piece of data that everyone will ignore.