The current market sentiment suggests a bearish outlook for both Bitcoin and Ethereum. Bitcoin has been rejected from a significant resistance zone around its previous highs, mirroring similar behavior in the broader stock market. The weekly Bitcoin RSI is entering oversold territory, indicating potential for a short-term bounce but the longer-term trend remains bearish. Ethereum is also showing signs of weakness, testing critical support levels and facing resistance at its previous highs. The dominance of bearish indicators suggests that further downside movement is probable in the short to medium term for both assets, with potential for consolidation or a slight bounce before a continuation of the downtrend.