The analysis suggests Bitcoin (BTCUSDT) is currently within an extreme fear zone, with the Fear and Greed Index at 16, a sentiment historically associated with significant market lows such as the Terra-Luna and FTX collapses. Technically, Bitcoin is observed trading within a horizontal range, having recently faced rejection at the yearly open resistance level of approximately 94,000. The presence of a bearish flag pattern further reinforces a likely downside continuation. The primary prediction indicates a move towards the 75,000-70,000 support zone, with 72,500 inferred as a key target, where historical buy pressure is expected to trigger a relief rally. An upward break above 94,000 would invalidate this bearish outlook, though it is considered less probable. The impending Bank of Japan rate hike is cited as a fundamental catalyst that could initiate further price depreciation for Bitcoin, based on past market reactions. On-chain data from Bitfinex indicates an increase in whale long positions during the current dip. For Ethereum (ETHUSDT), the analysis notes a similar rejection at its yearly open level of 3,340 and the price action remaining below the 50-weekly moving average. This suggests Ethereum will likely mirror Bitcoin's bearish movement, with an inferred target around 2,500. A reclaim of the 50-weekly moving average and a break above 3,340 would negate the bearish forecast for Ethereum. Overall, the market is characterized by short-term bearish pressure, awaiting a decisive breakout from established ranges.