# Take a look at this 4H chart. $BTC just made a massive recovery from the $62,401 bottom and is currently hovering around the $68,400 resistance zone. The momentum is clearly there, but can we sustain it?
My Analysis from the Chart: Bullish Breakout: We just crossed the MA(99) and MA(25) lines, which is a very healthy sign for a trend reversal.
The Big Resistance: All eyes are on that $69,999 peak. If we break that level, we are officially in price discovery mode for a new ATH (All-Time High). Support Zone: If we see a slight pullback, the MA(7) around $66,929 should act as a strong immediate support.
My Strategy: I’m watching the volume closely at this level. If we hold above $68k for a few more candles, I'm leaning towards a long position for the $70k breakout.