Does this $BTC rally have legs? $BTC confirmed above $73.8k and quickly raced to $78k, as I said would happen. Now many people don't believe this rally will last, and I am sceptical too. However, there are some key things to note from a technical point of view. Multi-month resistance breakout. If you continue a trendline from the ATHs and through the January pivot high, price broke that with the large green candle on Monday. It has also confirmed above it. Price is back above the Daily 100MA for the first time since October. We have seen a few wicks through it, but on Thursday it closed above and this was backed up with a strong candle on Friday. Price has confirmed above the major structural level of $73.8k, after back testing it 3 days in a row. Daily EMAs are in bullish alignment, although this happened momentarily in Jan too. On the Weekly, price has closed comfortably above the EMA10 for the first time since November. It also tested the Weekly EMA20 ($78,146) this week, although it rejected almost perfectly off it. Note: in January, the pivot high ended up being a perfect rejection of the Weekly EMA20, so we want to see this level claimed on the weekly. I don't know if this time is different because we are in a headline driven market and $BTC is particularly susceptible to that. However, from a technical point of view, this is the best structure (and attempt) we have seen in months.