I literally haven't followed the 2021 releases at all, but if recent trends persist, Dune wins the majority of technical awards (maybe + Cinematography), Power of the Dog the favorite for production / direction /screenplay with West Side Story the main competition (probably Costumes), with actors going to a grab bag of films (Dench and Hinds for Belfast?)
My brain is having a hard time wrapping my mind around Oscar Nominees Kristen Stewart, Kirsten Dunst, and Andrew Garfield, but this was the shortest eligibility window, yes?