Bitcoin's monthly MACD indicator has turned bearish, marked by a negative histogram bar, suggesting a potential extended downturn. This development aligns with macroeconomic pressures, including rising Japanese bond yields and a strong U.S. dollar, which have contributed to liquidity-driven sell-offs and leveraged liquidations. Additionally, Bitcoin ETF outflows are exacerbating the situation, further impacting market sentiment. Ethereum is also showing signs of weakness, with a death cross pattern emerging. This adds to concerns about broader cryptocurrency market instability, particularly if Bitcoin fails to maintain key support levels.