This is an important point that I've made before- but a low is only a relevant point in terms of market structure if it's the origin of a trending or impulsive move. A break of THIS low/high is a significant shift in market structure. Meanwhile a low/high that is formed as part of ranging/corrective PA is not as significant in terms of market structure because range lows/highs are often routinely swept and/or deviated above/below even during sideways PA. The BTC low at 74.8k is the latter (part of a range formation) and so moving below it is really not that big of a deal in terms of maintaining our uptrend that began in the low 60k's.