$BTC (BTC) is currently executing a high-stakes reclaim of the $68,000 handle after a 6-7% relief rally flushed out over $320M in short liquidations.

The daily chart shows a bullish engulfing candle piercing the 100-period SMA, yet the "pro" view remains cautious as we are still 50% off the $126K October peak.

Immediate resistance sits at the $70,000 psychological barrier; a failure to flip this into support risks a "dead-cat bounce" back toward the $62,500 swing low.

Keep an eye on the $66,500 zone—as long as bulls defend this level, the path toward a structural trend reversal remains open for a run at $72,900.