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The current market sentiment across ADA and BTC is predominantly bearish. The analysis focuses on potential downside targets based on Fibonacci retracement levels and historical price action. For ADA, a break below the 0.13 support level invalidates the current bullish thesis, with a potential target at 0.113. The RSI on the 4-hour chart shows oversold conditions, suggesting a possible short-term bounce, but the overall trend remains downwards. Similarly, Bitcoin has broken key support levels, with the RSI indicating extreme oversold conditions on multiple timeframes. The primary bearish target for Bitcoin is identified around $40,000, with a crucial failure bound at $62,000. A break below this level would indicate a potential further acceleration of the downtrend. The analyst also references historical market cycles, noting that previous bear markets have seen similar price action and RSI divergences, which ultimately led to significant drops.