$BTC has now completed another important step in the recovery. After successfully reclaiming both the 60K level and the lower boundary of the prior range around 61K, bulls have now reclaimed the midpoint of the range around 62.5K and successfully flipped it into support. Price briefly traded back below the midpoint before buyers stepped in once again and successfully defended the level on the 4H timeframe. As a result, focus now shifts toward the upper boundary of the range around 64K. A successful reclaim of 64K would significantly strengthen the current recovery and increase the probability of another challenge of the 65K region. Failure to maintain acceptance above the midpoint would shift attention back toward the lower half of the range, with 61K becoming the first important level to watch. For now, the upper boundary around 64K has become the key level to watch for the next structural confirmation.