a key difference from the B wave of 2021, is that this markup from 50k to 108k, is like a straight line with few dips until recently. Just like one can argue that it is corrective a-b-c, one can argue that what looks corrective is a series of 1-2 waves (1-2-1 looks exactly like a-b-c), followed by a straight markup (w3) without much discussion (volatility).
And when there is doubt about what is a-b-c or 1-2-1, I think one should look at velocity and volatility. But obviously there are no certainties. And I am thinking high velocity is biased bullish as well as low volatility being biased bullish.