The video analyzes Bitcoin and Ethereum using technical indicators on a weekly timeframe. It highlights the presence of a 54-simple moving average as a key level to watch for Bitcoin, suggesting that the crypto may be heading toward the 54 simple moving average, but the speaker notes it must close below that support on the weekly timeframe to confirm bearish trend. The video suggests that bears are in control if BTC breaks $100000. The video identifies a double top formation on many alts, implying further downsides. For Ethereum, the analysis notes a head and shoulders pattern, anticipating a potential drop to around $1900, but maintains that as long as the double top resistance holds a bullish trend still remains.