The analysis of BTCUSD on the 4H timeframe identifies a distribution range that has persisted for over 100 days. The video points out distribution, reaccumulation, and accumulation cycles relative to bear markets and emphasizes identifying range formation after periods of strength or weakness. Drawing historical parallels, the analyst looks to identify the wave patterns, re-accumulation ranges, and possible failure points.Specifically, the video suggests that manipulative moves both upward (to 117326 or 118000) and downward are likely. Two scenarios are presented: a move to 117326 to form a wave two and a fall below 103000, or a move to take out equal highs near 115688, before a wave 3 decline. A key alternative bullish scenario hinges on a daily close above the 0.618 retracement level, which is a daily close above around 116230, which would invalidate the bearish downtrend.For ETHUSD, the analyst sees a potential rise to 4715 if it can hold above 3695. This would confirm a Wyckoff accumulation pattern.