The BTC rate has recovered above $60,000. The movement according to plan from the wave pattern continues.

On the four-hour TF, there was an expressive retest of the breakout of the volume level of $59,335. On the daily TF, there is an attempt to consolidate above EMA 50.

Despite the fact that in the ascending structure of the daily TF, the growth potential remains until September 15-17, we are waiting for the sellers' reaction and the start of the ABC correction at best from the volume level of $61,231.

All this growth, as before, is assessed as wave 1 in a larger wave structure, which is just starting. And the expected local ABC correction on this larger scale will be the correction wave 2. We wrote about this in a large analysis with expectations until the end of September.

The goal of this growth is to approach the test of the downward trend from the ATH, set on March 14. And there we expect a key moment for the market. But for now it is important to go through the growth correction from September 6 without breaking the structure.

As for the threats of breaking these growth expectations - it has already been written that it is important to hold $55,059. In case of a breakout of $55,059$ , the last stronghold of the bulls will be $54,000. Squeezes are still possible there in the 2nd wave of a larger structure, but consolidation below $55,059$ is a risk of going lower.At least $51,604.