Crypto Market Remains Resilient Despite Risk-Off PressureCrypto Total Market Cap Excluding BTC, $CRYPTOCAP:TOTAL2ew-forecastThe crypto market is moving nicely and strongly higher, as anticipated in the previous ideas. Despite the current slowdown, it looks like just a consolidation within the uptrend due to an unfinished five-wave bullish impulse. Global bonds sold off, pushing yields to multi-decade highs as rising inflation concerns increased expectations of a Federal Reserve rate hike this month. Oil also climbed as geopolitical tensions intensified. However, there have been no major changes in the crypto market since yesterday, and it is still holding strong despite some risk-off flows. The market continues to consolidate on an intraday basis, which we see as a correction within an uptrend, suggesting that we may see a further rally soon. Both the Crypto TOTAL and TOTAL2 market cap charts, with TOTAL2 excluding Bitcoin, are pointing higher for wave 5 once the current correction fully unfolds. This correction could take the form of a bullish triangle or a slightly deeper flat correction. Ideally, we will see a continuation higher once stocks complete their corrective pullback and the US dollar resumes its decline.