Morning market review - Saturday, May 9, 2026

On the daily chart, Bitcoin is in an uptrend, with a visible pattern of higher highs and lows. The current price is around 80,220 USD. Key support is around 76,000 USD, while resistance is at 84,000 USD. Trading volume is moderate, suggesting stability in the movement. Trends indicate further upside potential; however, the approaching resistance level may pose a challenge for further gains.

The 4-hour chart shows consolidation after previous gains. The price oscillates in a narrow range of 79,000-81,000 USD. Current candlestick formations suggest a possible correction, however, technical indicators are neutral. Staying above 79,000 USD is crucial for the continuation of the upward trend in the medium term.

On the hourly chart, there is a slight selling pressure, but support at the level of 79,500 USD holds. Price movements are limited, and volume remains low. If the price breaks above 81,000 USD, it could initiate another upward impulse. On the other hand, a drop below 79,500 USD may lead to further correction.

In the short term, on the 15-minute chart, there is consolidation in the range of 80,000-80,500 USD. Oscillators are in the neutral zone. A breakout above the upper level of consolidation may lead to a quick move upwards, while a drop below 80,000 USD may trigger short-term selling pressure.

Options data indicates a very bullish sentiment with a Put/Call Ratio of 0.46. Max Pain is at 46 USD for the IBIT ETF, suggesting further upside potential. Most open call positions are at levels above the current price, which could lead to additional gains if these levels are reached.

Currently, Bitcoin is showing a bullish sentiment with key support at 79,500 USD and resistance at 81,000 USD. Options data and market sentiment support further increases. A key level to watch is 81,000 USD, a breakout of which could lead to new highs. In the event of declines, important support is at 79,500 USD.

On the daily chart of Ethereum (ETHUSD), we observe some stabilization after the previous price increase. Currently, the price oscillates around the level of 2314 USD, with resistance close to 2400 USD. Support is located around 2200 USD. Trading volume remains moderate, suggesting a lack of decisive pressure from buyers or sellers. Technical indicators, such as RSI, are approaching a neutral level, indicating the possibility of consolidation in the short term.

On the 4-hour chart of Ethereum, a consolidation pattern is visible in the range of 2280-2360 USD. The price is moving in a narrow channel, suggesting a possible breakout in the near future. The trading volume is low, which may indicate a lack of interest from market participants in this time frame. Key levels to watch are 2360 USD as resistance and 2280 USD as support.

On the hourly chart, Ethereum's price is oscillating close to the level of 2314 USD, with a slight upward trend. Support is at 2290 USD, and resistance is at 2330 USD. Trading volume is moderate, suggesting a possible upward move if the price breaks the level of 2330 USD. Technical indicators, such as MACD, are beginning to suggest a possible trend change to bullish.

On the 15-minute chart, Ethereum shows slight volatility with a slight upward trend. The price is moving in the range of 2300-2320 USD, and the trading volume is low. Quick indicators, such as RSI, suggest that the market is in a state of equilibrium, which may lead to a short-term breakout in either direction.

Current options data for the ETF ETHA suggests a moderately bullish sentiment with a put/call ratio of 0.61. The highest interest in call options is at strikes $19 and $20, indicating expectations for an increase in ETHUSD. On the put side, the highest interest is at strike $10, which may act as strong support. Max Pain at $10 indicates potential consolidation at lower levels, but the current sentiment favors increases.

Ethereum (ETHUSD) is in a consolidation phase, with a moderately bullish sentiment. Key resistance levels are 2360 USD, and support is at 2280 USD. The options data shows interest in upward movements, which may suggest upward pressure in the near future. Technical indicators are neutral, indicating the possibility of consolidation or preparation for a breakout. Levels of 2330 USD and 2290 USD should be monitored for short-term direction.