Bitcoin price settled below the USD 55,500 and USD 55,000 support levels. BTC is consolidating losses and it is currently (12:30 PM UTC) trading above USD 54,000. If there is no upside break above USD 55,000, there is a risk of more losses below USD 53,800.
Similarly, most major altcoins are trading below key supports. ETH is now struggling to clear the USD 1,710 and USD 1,720 resistance levels.