No significant changes have taken place in the crypto market since yesterday. Looking at the total market cap chart, there's still room for more gains so that cryptocurrencies can see more considerable intraday recovery and another jump up.
Bitcoin slowed down after hitting all-time highs, so we will have to be very careful at this stage, mainly because of potentially strong resistance on a daily chart, either as part of wave B of a flat correction or a final 5th wave of an impulse.
However, in the 4-hour chart, there's still a chance for more upside to complete a five-wave cycle, as the current decline can still be wave four correction with support here in the $56,000-$59,000 zone, but only a decisive break back above the $64,000 region would put bulls back in play. However, any earlier decline below the $53,000 level would signal a completed 5th wave, potential top, and bearish reversal.