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Morning market review - Saturday, June 27, 2026

Technical analysis of 2 instruments with options data

Kacper MrukJune 27, 2026Updated: June 27, 20261 min read

Morning moods in the markets remain dominated by extreme fear, as confirmed by the value of the Fear & Greed index, which stands at just 25. With the stable Fed interest rate at 3.50-3.75 and the upcoming FOMC meeting on July 29, 2026, investors are anxiously watching the changing macroeconomic conditions. In today's review, we will take a look at two key instruments that may gain importance in light of current market trends.

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Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin shows a downward trend, with the latest move down from around 70,000 USD to current levels of about 60,000 USD. Current support is located around 59,000 USD, while resistance is near 62,000 USD. Technical indicators, such as RSI, suggest that the market is in a state of overselling, which may indicate a potential rebound; however, the overall trend remains bearish. In the long-term context, maintaining support at 59,000 USD will be crucial.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin is trying to bounce off the support at 60,000 USD, but the overall trend remains bearish. Recent candles show some buying pressure, but the trading volume is relatively low, which may limit potential gains. The nearest resistance is around 61,000 USD, and breaking it could open the way to higher levels.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows consolidation around the level of 60,300 USD after the recent bounce from 60,000 USD. Technical indicators suggest a slight advantage for buyers, but the lack of a clear breakout means that the market may remain unstable in the short term. Key resistance is at 60,500 USD, and support is at 60,000 USD.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin is oscillating around the price of 60,340 USD. There is an attempt to break the short-term resistance at 60,360 USD, but the lack of decisive volume may limit further increases. Key support is located at 60,300 USD, and breaking it could bring the price lower.

Bitcoin - Options data

Options data indicates a strongly bearish sentiment with a high put/call ratio of 2.13. Max Pain is at 32 USD, suggesting downward pressure. The largest open interests at the put levels are at 32 USD, which may suggest key support. Meanwhile, the key levels for calls are 36 and 35 USD, indicating potential upside targets in the event of a trend reversal.

Bitcoin - Summary

The overall sentiment for Bitcoin remains bearish, as confirmed by the high put/call ratio and low Fear & Greed Index. Key support levels are 59,000 USD and 60,000 USD, while resistances are 61,000 USD and 62,000 USD. Data from options indicates that the market expects further declines with Max Pain at 32 USD. However, long-term maintenance of support may indicate a potential rebound.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, we observe a clear downward trend for several months, with the price currently quoted around 1581 USD. Support is located near 1500 USD, while resistance is visible at the level of 1700 USD. The current consolidation may suggest a possible rebound move; however, there are no strong reversal signals. Technical indicators, such as RSI, suggest that the market may be oversold, which could lead to a short-term price rebound.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum shows slight signs of recovery after recent declines, with the price oscillating around 1580 USD. The support area between 1550 and 1570 USD is being tested, and the nearest resistance is around 1620 USD. The trading volume remains relatively low, which may indicate a lack of decisiveness among investors. The short-term sideways trend may persist if no significant market impulses occur.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart indicates a consolidation pattern, with the price of Ethereum moving within a narrow range of 1570-1600 USD. The current bounce from the lower range may suggest an attempt to test higher resistance levels. The RSI on the hourly chart is neutral, which does not provide clear indications regarding the future direction of movement. A breakout above 1600 USD may open the way for further gains.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, Ethereum shows a slight increase with consolidation above 1580 USD. Short-term resistance is located around 1590 USD, and support at 1575 USD. An increase in volume during the breakout could lead to a quick move towards 1600 USD. Current levels indicate slight interest, which may suggest sideways movements in the near future.

Ethereum - Options data

Options data shows a Put/Call ratio of 1.29, reflecting an advantage of put options over call options and suggesting a bearish market sentiment. Key support levels for put options are at a strike of $12, which corresponds to the current ATM price, and at $6, indicating significant hedging at lower price levels. Max pain is at $6, which may suggest downward pressure. On the other hand, call options indicate potential upside targets at $14 and above, although the current market structure is more focused on protection against further declines.

Ethereum - Summary

Currently, Ethereum is in a clear downtrend with consolidation around 1580 USD. Key support levels are at 1500 USD, while resistances are in the area of 1700 USD. Market sentiment is bearish, as confirmed by options data and the Fear & Greed Index. A short-term breakout above 1600 USD could provide an upward impulse, but there are no clear signals of a reversal of the long-term downtrend.

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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