Tomorrow, there will be $3.5 billion worth of BTC options expiring, while USDT will see an increase of $1 billion.

It can be seen that after a large increase in USDT, there is often a period of volatility, followed by a turning point, with the bulls regaining momentum. The overnight market dynamics in the past two days are exceptionally critical.

BTC:

Exploring along the 5-day moving average, the hourly chart has seen multiple probes overnight, still in a box pattern, accompanied by a weakening of bullish volume. BTC needs to further test the high point. The $52,024 mark above is the key resistance line formed on February 20th and 21st. Only with a substantial breakthrough of $52,024 can it quickly surge higher. Next, BTC will see a pullback after probing at $52,024.

Resistance levels: $52,024, $52,792, $53,368

Support levels: $50,953, $50,242, $49,734

ETH:

NFTs are heating up, which is positive for ETH's expectations. ETH has repeatedly tested the 5-day moving average, accompanied by weakening volume, entering a triangular convergence trend. The $2,975 mark above is the key resistance line. Only by holding above $2,975 can it strengthen and enter a bullish trend. The hourly chart shows a "M" pattern probing the bottom, needing further testing of the high point. Next, ETH will see a pullback after probing at $2,975.

Resistance levels: $2,975, $3,035, $3,067

Support levels: $2,895, $2,846, $2,796

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