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Bitcoin Re-Accumulation After Decline S&P 500 ANALOG

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Here you can see a great analog for the Re-Accumulation After Decline argument for Bitcoin VS the Distribution structure.

You can see how S&P became over heated before suffering a sharp reaction and forming a new accumulation range before continuing on its bull run.
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The structure is still valid. Are we in Phase D? Lets see if we can hold this trend upwards
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Looks like this played out very well.

We are seeing shortening of the thrust now as short sellers are probably in disbelief and are expecting a reversal. Absorption of supply on the way up so far.

Lets see how deep a pull back comes and if we are to see anymore aggression in demand to give us some continuation.

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