The analysis discusses Bitcoin's bounce off major support and its consolidation within a symmetrical triangle. A breakout above $62,000 could signal a move towards all-time highs. Support levels around $110,000 to $112,000 must hold, and a break above $118,000 is needed for bullish confirmation. Ethereum's position indicates a potential dip to around $3,800-$4,000 presents buying opportunities before a leg up towards a target of $4800, provided it breaks resistance and makes new all time highs. The discussion includes reference to Powell's monetary policy, plus the analysis uses technical analysis, charts, support and resistance levels to formulate a strategy. The analysis takes into account Bitcoin dominance and the overall market outlook for both Bitcoin and altcoins, with a bullish crossover indicated by the Stoch RSI, but is contrasted by an Altcoin Season Index which has more room to run.