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Morning market review - Sunday, April 26, 2026

Technical analyses of 2 instruments with options data

Kacper MrukApril 26, 2026Updated: April 26, 20261 min read
Morning market review - Sunday, April 26, 2026

Morning market review indicates a dominance of optimism, reflected in the Fear & Greed index, which reached a level of 66, suggesting "greed" among investors. In the context of monetary policy, the current Fed interest rate is 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 key instruments to better understand current market trends and their potential impact on investments.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin shows a clear upward trend with a support level around 76,000 USD. The price is approaching a key resistance at 80,000 USD, which may be difficult to break without a stronger impulse. Technical indicators suggest that the upward momentum may continue, but short-term corrections are also possible in the absence of new catalysts. Trading volume is stable, which supports the sustainability of the current upward trend.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin is consolidating in the range of 77,000-79,000 USD, with clear support at the lower end of this range. The EMA 50 is below the current price, suggesting further support for the bullish trend. The RSI indicators do not indicate overbought conditions, which provides room for further increases. A breakout above 79,500 USD could open the way to test the 80,000 USD level.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows that Bitcoin is recovering losses after a previous correction and is heading towards local resistance at 78,500 USD. The MACD and RSI indicators suggest that the current momentum is positive, but the approaching resistance levels may trigger a supply reaction. Key support is the area of 77,500 USD, a break of which could lead to a deeper correction.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin shows signs of local consolidation between 77,800 and 78,200 USD. The short-term RSI indicator indicates neutral territory, suggesting potential breakouts in either direction. Quick support is visible at 77,900 USD, and resistance at 78,100 USD. A breakout from this range could determine the direction for the upcoming hours.

Bitcoin - Options data

Options data indicates a very bullish sentiment with a low put/call ratio of 0.33. The largest open Call positions are at the strike of $47, suggesting that investors expect further increases in the price of BTC. The maximum pain point at $47 also confirms this bullish scenario. On the Puts side, the greatest interest is at the strike of $43, indicating possible support in case of declines.

Bitcoin - Summary

Bitcoin shows a bullish sentiment with key resistance at 80,000 USD. The upward trend is supported by positive options data and stable technical momentum. Key support levels are 77,500 USD and below 76,000 USD. A breakout above 80,000 USD could open the way for further gains, but investors should be aware of potential corrections in the absence of new market impulses.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of ETHUSD, consolidation is visible around the level of 2332 USD. After a prolonged downtrend, the price shows signs of stabilization. Currently, the key resistance level is 2400 USD, which must be broken to confirm a potential trend reversal. Support is located near 2200 USD. Moving averages indicate a possible change in sentiment, but there is a lack of clear direction in the short term.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart, Ethereum shows signs of a local bounce from the level of 2300 USD. The current price action suggests a possible upward move towards 2350 USD, which is the nearest resistance. Support is at the level of 2280 USD. Short-term technical indicators are neutral, but bullish momentum may continue with increased volume.

Ethereum - 1H Chart

Ethereum - 1H Chart

On the hourly chart, there is an increasing buying pressure that allows for testing the level of 2330 USD. Support is at the level of 2305 USD, and further increases may encounter resistance at 2340 USD. The RSI and MACD indicators suggest bullish momentum, but the lack of a clear direction may lead to short-term consolidation.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

The 15-minute chart shows increased volatility with an attempt to break above 2330 USD. Support is at 2315 USD. If buyers maintain control, further growth towards 2340 USD is possible. Short-term indicators are positive, but rapidly changing conditions require caution.

Ethereum - Options data

The ETHA options data indicates a dominance of put options over call options with a put/call ratio of 1.10, suggesting a bearish sentiment. The largest open interest in call options is at the level of 20 USD, indicating a potential upside target. Key supports at levels 16 USD and 17 USD may act as barriers to declines. Max Pain at the level of 20 USD suggests that options may aim for this level before expiration.

Ethereum - Summary

Ethereum is in consolidation with a possible slight bullish bias. Key levels are 2400 USD as resistance and 2200 USD as support. Short-term indicators are mixed, and the sentiment in the options market is bearish. Investors should watch price reactions at levels 2330-2350 USD to confirm the direction of the trend.

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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