The analysis suggests that Bitcoin is still in a bullish structure, even after a deep wave four pullback, potentially unfolding as an impulse to the upside. Wave one, from June 22, was a five-wave move, supporting an impulse wave structure. There is discussion of tracking higher prices, with diagonal wave interpretations being removed for the time being. A key price point, the top of wave one, is identified around $110,500 as an invalidation level. A question about why this scenario is still being tracked higher if it had been invalidated is addressed noting no, invalidation, as it has not broken key swing lows. Recent pullback discussions related to bear markets were deemed premature since swing lows have been holding, corrective action has been 3 wave and trend change hasn't occurred to the downside, no support has been broken. The Bull Market is intact, mainstream media is mentioning Bitcoin and an Ethereum euphoria is occurring. Analysis is of 15 minutes chart that identifies a likely ABC structure has occurred. Resistance is 118658 with targets 120050 then if that is broken then 121053 with pivot 122000 should more positive action occur. If there is a break below 116400, the bullishness is invalidated