Market Overview

Price action over the past 24 h shows a steady stair-step advance for both BTC and ETH, with each pair printing higher lows on the hourly chart and volumes rising into the most recent candles. Bitcoin has climbed ~1.9 % in 24 h and is now consolidating just under the psychologically important 90 000 USD area, while Ethereum has reclaimed the 3 000 USD handle and is stabilising near 3 040 USD. The hourly structure for both coins remains inside a shallow ascending channel that started at yesterday’s European open.

On-chain and macro context tilt slightly bullish for the next trading block:
• Fear & Greed sits at 25 ("Fear"), implying plenty of sidelined capital and limited overheated leverage.
• Tether’s fresh 8 888 BTC purchase and continuing corporate accumulation add demand-side support around dips.
• Options expiry (~2.2 B USD) is occurring today but open-interest distribution puts max-pain for BTC near 88 000 USD and for ETH near 3 000 USD – both already above those thresholds, reducing downward gamma pressure for the next few hours.
• BTC dominance remains high (≈59 %), signalling that flows are still BTC-centric; ETH dominance is flat, meaning ETH will likely echo BTC moves rather than lead them.

Technically, BTC printed a small bull flag between 09:00 and 11:00; a break of 89 800 – 90 000 USD opens room toward 90 500 – 91 000 USD (1-hour measured move). Immediate support sits at 88 600 USD (20-hour EMA). ETH shows similar behaviour, holding the 50-hour EMA at 3 015 USD with resistance at 3 070 – 3 100 USD.

With liquidity still holiday-thin but a cluster of bullish headlines (Tether buy, Fed liquidity injections) outweighing the lone bearish narratives (CryptoQuant bear-market claim), probabilities favour a controlled grind higher rather than a breakdown. Volatility is expected to expand, but order-book depth remains light enough that moderate buying can push prices up quickly.

Overall bias for the next 5 hours (up to ~16:00 UTC) is ‘cautious bullish’: expect upward drift with potential wicks on option-expiry volatility.