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Morning market review - Sunday, April 12, 2026

Technical analysis of 2 instruments with options data

Kacper MrukApril 12, 2026Updated: April 12, 20261 min read
Morning market review - Sunday, April 12, 2026

Morning market review shows a prevailing mood of fear, as confirmed by the Fear & Greed Index, which stands at 38. In light of the current Fed rate of 3.50-3.75%, investors are anxiously awaiting the next FOMC meeting scheduled for April 29, 2026. In today's analysis, we will look at two key instruments that may gain significance in the context of current market conditions and upcoming monetary decisions.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin remains in a sideways trend after previous declines. The current price oscillates around 71,693 USD, where some signs of consolidation are visible. Supports are located around 70,000 USD, and resistances at 75,000 USD. RSI indicates neutral levels, suggesting a lack of clear direction. If the price breaks above 75,000 USD, we can expect a continuation of the upward movement. However, a drop below 70,000 USD may strengthen selling pressure.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin is creating lower highs, which may suggest a potential downward movement. The price has bounced off the level of around 72,000 USD and is heading towards support at 71,000 USD. Technical indicators, such as MACD, suggest a possible continuation of declines. A breakout above 72,500 USD is needed to confirm a return to upward movement. The current situation indicates a possible correction in the short term.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

On the hourly chart, Bitcoin is in a correction phase after recent declines. The price tested resistance at 72,000 USD but failed to break through. Current support is at 71,500 USD. The RSI is close to oversold levels, which may suggest a short-term rebound. However, the lack of clear reversal signals suggests caution when making buying decisions.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

In the 15-minute view, Bitcoin is trying to stabilize after a sharp decline. The price is oscillating around 71,700 USD, creating potential support. Low volatility is visible, which may suggest the possibility of a short-term rebound. It is worth monitoring the level of 71,800 USD as a potential resistance point. Indicators suggest a neutral sentiment, which may indicate consolidation in the near future.

Bitcoin - Options data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.34. The most open positions are at the level of 42 USD, suggesting expectations for increases. The key support level is at 40 USD, where there is also a significant amount of open put positions. The maximum pain level for options is 42 USD, which could act as a price magnet. Overall, options data indicates a bullish advantage, which may support further increases.

Bitcoin - Summary

Analysis indicates mixed signals for BTC. On the daily and 4-hour charts, there are signs of consolidation, with key support at 70,000 USD and resistance at 75,000 USD. Options data is very bullish, which may suggest potential increases. The current 'Fear' sentiment according to the index may introduce uncertainty in the market. It will be crucial to monitor the levels of 70,000 USD and 75,000 USD, which may determine the further direction of price movement.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart, Ethereum is in a consolidation phase after a previous downtrend. Currently, the price is oscillating around 2216 USD, with significant resistance around 2400 USD, where previous bounces were observed. Support is located in the region of 2000 USD, which may provide a solid base for potential bounces. Technical indicators suggest a neutral sentiment, and low volume may indicate a lack of decisiveness among investors.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, it can be seen that Ethereum bounced off the level of 2240 USD but quickly returned to the consolidation range. Key support is around 2150 USD, and resistance is at 2300 USD. Moving averages indicate a possible continuation of sideways movement unless a stronger catalyst for a trend direction change appears.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart shows a correction after a previous increase, with local support at the level of 2200 USD. We observe low volume, which may indicate a lack of interest from buyers. Key resistances to break are at 2230 USD, which could open the way for further increases. The RSI is neutral, suggesting possible consolidation.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, it can be seen that the price of Ethereum is holding above the level of 2210 USD, but is not showing a clear direction. The volume is low, which may suggest a lack of interest in the short term. Support at 2200 USD, resistance at 2230 USD. Potential volatility in the event of a breakout from this range.

Ethereum - Options data

Options data shows a very bullish sentiment with a low put/call ratio of 0.21. The most open interest is at $18, which indicates a 2.9% increase from the current price. The maximum pain levels ($25) suggest that there are many open call options in the market, which could support further increases. However, support at levels $9 and $10 indicates hedges against declines.

Ethereum - Summary

Ethereum shows a neutral sentiment with potential for growth. Key levels are 2150 USD as support and 2300 USD as resistance. Options data indicates a bullish sentiment with a low put/call ratio. Key call option levels may suggest further increases. Market fear (38 on the index) may, however, hinder aggressive buying. Careful monitoring of support and resistance levels is crucial for understanding the further direction.

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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