The BTC rate has been moving sideways since yesterday and is fighting for the volume and mirror level of $57,709

While the price on the four-hour TF remains above $57,709, the growth in the local fifth wave is in force. At the moment, the price is squeezed between EMA 200 of the four-hour TF (currently $58,723) and the level of $57,709. Plus, EMA 50 of the four-hour TF is being pulled up as support (currently $57,056).

The target of the fifth wave in case of continued growth is still the range of $59,335-61,231. Moreover, EMA 50 and 200 of the daily TF have pulled up to the $59,335 area in recent days.

Threatening a potential "Death Cross". Which has not been on the#BTCchart since September 2023. This is now a strong resistance. But if it is broken, then, as in the fall of 2023, it would be a very bullish signal. However, even if these two EMAs are broken now and the price continues to rise, we will still wait for a correction of this local five-wave structure from the volume level of $ 61,231. Not higher. And then after the correction - we will wait for continued growth.

The weekly candle on the BTC chart looks bullish so far. After testing the EMA 50 of the weekly TF, this is (again, for now) a full-bodied green candle. The only thing that could be more ideal is a bullish engulfing with the week closing above $59,809, the high of the previous week.

On the daily TF, the ascending candlestick structure remains with, if the trend continues, the prospect of a breakout on September 15-17.

In case of correction, for growth prospects it is still very important to maintain the volume level of $55,059.