Bitcoin chart structure still produce LH and LL on each swing which indicates the downtrend is still valid. New lower high is at 49500 - until BTC grow above it there is no reversal confirmation. In addition we want next swing Low to bounce above 45673 to keep chances for sooner reversal.
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Now we have reversal confirmation. Or at least hint for it - higher high. lets hope next swing down will create higher low as well.