The EU's MiCA regulation, effective June 2025, exempts BTC and ETH, reducing regulatory uncertainty and potentially stabilizing prices. However, short-term BTC and ETH price volatility may persist due to market sentiment and macro factors. The VIX, currently reflecting fear (around 26), signals heightened market anxiety, correlating with crypto sell-offs. Technical indicators show mixed signals: BTC tests support at $102K-$104K with bearish RSI divergence, while ETH's RSI (63.6) suggests neutral-to-bullish momentum. Fear & Greed Index at 42 indicates cautious sentiment, potentially offering buying opportunities. If VIX rises further, BTC could drop to $98K, and ETH to $2,060. Conversely, MiCA clarity may drive institutional inflows, pushing BTC toward $108K and ETH to $2,500 by July.