If I wipe (reset) my Apple Watch will I lose the health data that has been transferred to my new phone? The two will NOT connect.

Resetting my watch is the only option I haven't tried in order to get the watch and my new 14 to connect and pair. I want to make sure that the health data I have gathered via the watch, and which was successfully synced from my old phone, will not be lost if I do so. Probably not, but would like assurances.