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Morning market review - Saturday, April 4, 2026

Technical analysis of 2 instruments with options data

Kacper MrukApril 4, 2026Updated: April 4, 20261 min read
Morning market review - Saturday, April 4, 2026

Morning Market Review

The morning market review brings with it an atmosphere of extreme pessimism, reflected in the current level of the Fear & Greed index, which stands at just 19 points. In the context of stabilizing monetary policy, the Fed rate remains at 3.50-3.75, and the next FOMC meeting is scheduled for April 29, 2026. In today's analysis, we will take a look at two selected instruments that may provide valuable insights in the face of prevailing market uncertainty.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin continues its downward trend; however, in recent days, there has been noticeable consolidation around the level of 67,000 USD. Support is located around 66,500 USD, and resistance at 68,000 USD. The volume is relatively low, which may suggest a lack of decisiveness among investors. Oscillators indicate possible overselling, which could lead to a short-term upward correction.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin is moving in a narrow sideways channel between 66,800 USD and 67,200 USD. We are observing a slight bounce from the lower boundary of this channel, which may suggest an attempt to test the upper resistance level. The MACD indicates a potential trend reversal, but there is still no clear buy signal.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows price stabilization in the range of 66,900 USD to 67,100 USD. The volume is low, suggesting a lack of investor activity. RSI is at a neutral level, allowing for movement in both directions. A breakout above 67,100 USD may open the way for further increases, while a breakout below 66,900 USD could lead to further declines.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, there is slight upward pressure, with the price moving near 66,950 USD. Short-term support is at 66,900 USD, and resistance is at 67,000 USD. The EMA suggests the possibility of further increases, but there is a lack of clear direction in the market.

Bitcoin - Options data

The Put/Call ratio at 0.58 indicates a moderate bullish sentiment. Open interest at levels of 40-44 USD for call options suggests bullish expectations. The largest concentration of put options at 38 USD may serve as support. Max pain at 38 USD indicates a point of equilibrium, which may influence price stabilization.

Bitcoin - Summary

Bitcoin is in consolidation with key support at 66,500 USD and resistance at 68,000 USD. The sentiment in the options market is moderately bullish, which may indicate a potential rebound. The Fear & Greed Index at 19 indicates extreme fear. Monitoring the levels of 67,100 USD and 66,800 USD will be crucial for the short-term market direction.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, it can be seen that the price is in a consolidation phase after a previous downward movement. Currently, it oscillates around 2050 USD, with a clear resistance at the level of 2200 USD, which previously acted as support. Technical indicators do not yet show strong momentum, suggesting the possibility of further consolidation in the short term. Support can be found around 2000 USD, and breaking this level could open the way for further declines.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart of Ethereum, there is a slight upward pressure, but within a narrow range. The price is moving in the range of 2025-2060 USD, indicating a lack of a decisive trend. The RSI and MACD indicators are neutral, confirming the current state of consolidation. Further movements may be limited by resistance at 2070 USD, while support remains at 2025 USD.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows that Ethereum is maintaining a narrow sideways channel. The price oscillates around 2050 USD, with slight fluctuations. Technical indicators, such as RSI, are neutral, indicating a lack of strong momentum. The nearest resistances and supports are located at 2060 and 2040 USD, respectively. The lack of a clear direction suggests that the market is waiting for new impulses.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, there is low volatility, suggesting a lack of trading activity. The price is moving within a narrow range of 2045-2055 USD. Short-term support at 2045 USD is crucial, while resistance at 2055 USD may be difficult to break without increased volume.

Ethereum - Options data

Options data indicates a moderately bullish sentiment with a Put/Call Ratio of 0.73. The highest interest on the call option side is at the levels of 16 and 17 USD, which translates to 6.5% and 9.7% potential growth for ETHUSD, respectively. Support from put options is at the levels of 12 and 15 USD. The Max Pain indicator at 18 USD suggests a potential market drive towards this level before the options expiration.

Ethereum - Summary

Ethereum remains in consolidation around 2050 USD, with key resistance at 2200 USD and support at 2000 USD. Options data indicates a moderate bullish sentiment, and the Max Pain level at 18 USD may attract the price. Technical indicators are neutral, suggesting a lack of a clear direction. Key levels to watch are 2070 USD as resistance and 2025 USD as support.

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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