This technical analysis reviews Bitcoin's current and predicted trends. Bitcoin bollinger bands are contracting, resembling conditions prior to the 2024 FOMC meeting, suggesting a potential pattern repetition with a possible 25 bps rate cut, anticipating volatility over the next week, followed by an upward movement. Short-term charts point to a bull flag formation, a bullish breakout, and Bitcoin is testing the major range's midline around $117,000, signaling a potential rejection. Ethereum's golden crossover on the 3-day timeframe confirms the continuation signal. For Ethereum a continuation to the upside is expected. Altcoins may be transitioning into phase three, outperforming Bitcoin, as a move towards a true altcoin season has an eventual upward projection based on Q4 historical data from 2023, 2024 and from bull years of 2015 and 2016.