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Morning market review - Saturday, April 18, 2026

Technical analyses of 2 instruments with options data

Kacper MrukApril 18, 2026Updated: April 18, 20261 min read
Morning market review - Saturday, April 18, 2026

Morning Market Review

The morning market review indicates a prevailing mood of optimism, with the Fear & Greed index showing a value of 68, suggesting greed among investors. In the context of monetary policy, the Federal Reserve's interest rate remains at 3.50-3.75, and the next FOMC meeting is scheduled for April 29, 2026. In today's analysis, we will look at two key instruments to assess their potential in the current market conditions.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin continues its upward trend after surpassing the level of 76,000 USD. The price is approaching resistance around 78,000 USD, which could be a key level for further increases. The RSI indicates a potential market overheating, suggesting the possibility of a short-term correction. The trading volume is relatively stable, supporting the current upward movement. A breakout above the resistance at 78,000 USD would pave the way for further increases towards 80,000 USD.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

The 4-hour chart shows local consolidations with strong support at the level of 76,500 USD. Recent candles indicate an attempt to break upwards, but with clear resistance at the level of 78,000 USD. The MACD remains above the signal line, suggesting a continuation of the bullish trend. A breakout above 78,000 USD could confirm bullish sentiment.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart indicates stabilization after recent increases. The price remains above 77,000 USD, with a clear resistance at 78,000 USD. The RSI indicator is approaching the level of 70, which may suggest short-term exhaustion of buying strength. Volume remains moderate, which may limit rapid movements in either direction.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, consolidation is visible in the range of 77,000–77,500 USD. Current fluctuations suggest a lack of decisiveness in the market in the short term. Technical indicators remain neutral, which may suggest waiting for an impulse for further movement. A breakout above 77,500 USD could be a signal for a short-term increase.

Bitcoin - Options data

Options data indicates a clearly bullish sentiment with a Put/Call Ratio of 0.15, suggesting an advantage for call options. The highest interest is observed at strikes of $44 and $45, which may indicate expectations for further increases. Key support levels for put options are $40 and $42, which set potential defense levels in case of a correction. The Max Pain level at $44 indicates a possible price target for expiring options.

Bitcoin - Summary

Analysis indicates a bullish sentiment with key resistance around 78,000 USD. A breakout above this level could pave the way for further gains. Key support is located at 76,500 USD. Options data and technical indicators confirm the dominance of bulls, but short-term overbought conditions may lead to a correction before further increases.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum (ETHUSD), an upward trend is visible, which has been ongoing for several weeks. The current price is around 2412 USD, indicating a clear rebound from previous lows. The increases are supported by increased volume, which may suggest further growth potential. The main resistance levels are 2500 USD and 2700 USD, while support levels are around 2300 USD. The RSI oscillates around the level of 60, indicating moderate bullish strength.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum continues its short-term upward trend, with the latest move above 2400 USD. The price bounced off the support level at 2300 USD and is heading towards the resistance at 2500 USD. Technical indicators, such as MACD, indicate positive momentum. An increase in volume is also observed, supporting the bullish scenario.

Ethereum - 1H Chart

Ethereum - 1H Chart

On the hourly chart of Ethereum, there is a consolidation in the range of 2400-2450 USD after a previous breakout. The price is testing the level of 2420 USD, and support is located at 2380 USD. The RSI indicator is neutral, which may suggest the possibility of further consolidation before the next move. It will be crucial to stay above 2400 USD to continue the upward trend.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

The 15-minute chart shows a temporary consolidation in the range of 2400-2420 USD, after a short-term drop from the level of 2450 USD. We are observing low volatility, and technical indicators suggest a lack of clear direction. Support is at 2390 USD, with resistance at 2430 USD. Further consolidation is possible while waiting for new impulses.

Ethereum - Options data

Options data indicates a moderately bullish sentiment, with a Put/Call ratio of 0.51. The maximum pain point is at 18 USD, which is approximately 5.4% below the current ETF price. The highest interest in calls is at the levels of 18 USD and 21 USD, indicating bullish expectations. On the other hand, key support levels for puts are at 16 USD and 17 USD. A higher volume on the call side suggests a bullish advantage in the market.

Ethereum - Summary

Ethereum shows a bullish sentiment with key support at 2300 USD and resistance at 2500 USD. Options data confirms moderate optimism. Given the current market conditions and technical indicators, a continuation of the upward trend is possible, provided the price remains above 2400 USD. It is worth monitoring the volatility around the resistance level, which may determine the further direction of movement.

Frequently Asked Questions

How to analyze trading instruments effectively?
Effective analysis combines technical analysis (charts, patterns, indicators) with fundamental analysis (economic data, news events). Understanding both short-term price action and long-term trends is essential.
How do Fed decisions impact markets?
Fed rate decisions affect all asset classes. Higher rates strengthen USD, pressure gold prices, and often weigh on stocks. The tone of Fed communication is often more important than the decision itself.

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