The video analyzes Bitcoin and Ethereum using technical analysis. Bitcoin is currently trading around 110,500 and the analysis identifies a rising wedge pattern on the daily timeframe, which is characterized as bearish, with a target price around 75,000 and a failure at 130000. It also mentions potential support levels and resistance, strong support at 107,400 . Additionally, weekly time frame analysis showed bearish divergences. Ethereum is analyzed as moving within a trend line. Support around 4060 is identified. Resistance, close to all time highs is identified at 4900.