The analysis indicates a short-term bearish outlook for Bitcoin, following a confirmed break below an ascending triangle and the formation of a bear flag pattern. The immediate downside target for Bitcoin is projected to be within the 70,000-75,000 range, which previously acted as significant support and resistance. Conversely, if Bitcoin were to break bullishly, the next major resistance level is identified at 100,000. The Bitcoin CME gap from the weekend is noted as being largely filled by recent price action, reducing its immediate influence on upward momentum. Key macroeconomic events, including upcoming US unemployment and CPI data, along with an anticipated Bank of Japan rate hike, are expected to significantly impact market dynamics. Historically, BOJ rate hikes have correlated with notable Bitcoin price drops. While the market shows a 98% probability of a BOJ rate increase, suggesting it may be largely priced in, the potential for negative effects remains. Bitcoin currently faces resistance at its yearly open level. Ethereum's price action largely mirrors Bitcoin, with rejection observed at its yearly open level. On the weekly chart, Ethereum exhibits a bearish crossover of the 100-week and 50-week moving averages, with resistance at the 50-weekly moving average. For Ethereum to signal a bullish reversal, a weekly candle close above this 50-weekly moving average is necessary. The overall market sentiment for 2026, based on FedWatch Tool probabilities, leans slightly hawkish, with a low expectation for rate cuts in January.