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Morning market review - Sunday, June 21, 2026

Technical analyses of 2 instruments with options data

Kacper MrukJune 21, 2026Updated: June 21, 20261 min read

Morning Market Review

The morning market review indicates a persistent atmosphere of unease, with the Fear & Greed index at 37, suggesting a dominance of fear among investors. In the context of monetary policy, the Fed's interest rate currently stands at 3.50-3.75%, and the next FOMC meeting is scheduled for July 29, 2026. In today's analysis, we will examine two key instruments to assess their potential reactions to these market uncertainties.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin is in a correction phase after a strong downtrend. Currently, the price is oscillating around the level of 64,240 USD. There are signs of stabilization, but there is no clear signal of a trend reversal. Key support is located around 62,000 USD, while resistance is at the level of 66,000 USD. Oscillators indicate slight market overselling, which may suggest a possible upward move, although the overall sentiment remains uncertain.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin shows signs of consolidation after the recent increases from around 62,000 USD to 64,240 USD. A sideways formation is visible with a slight advantage for buyers. The key resistance is at 65,000 USD, while support remains at 63,000 USD. Momentum is moderate, which may indicate a possible move in either direction upon breaking key levels.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows that Bitcoin is in a slight uptrend, with a clear support line at 63,800 USD. The nearest resistance is at 64,500 USD. The RSI is approaching overbought levels, which may suggest a possible correction. Volume indicators indicate an increase in trading activity, which could lead to increased volatility in the short term.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin shows signs of short-term consolidation between 64,200 USD and 64,400 USD. We observe a slight decrease in volume, which may indicate a temporary suspension of activity. A breakout in either direction may indicate the further direction of movement in the short term. The RSI remains neutral, suggesting a lack of a clear trend.

Bitcoin - Options data

Options data indicates a negative sentiment with a PUT/CALL ratio of 1.22, suggesting an advantage for hedges against declines. Key levels for PUT options are at 34 USD and 36 USD. Max Pain at 37 USD suggests that the market may aim to reach this level by the options expiration date. The volume of CALL options is lower than that of PUT, further emphasizing the negative market sentiment.

Bitcoin - Summary

The overall sentiment for Bitcoin is mixed with a slight edge towards a negative outlook. Key levels to watch are support at 62,000 USD and resistance at 66,000 USD. Options data and sentiment indicators (Fear & Greed Index) indicate caution among investors. Breaking through these key levels could define the short-term direction of movement. The bias is neutral-bearish.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, a clear downward trend is visible, with a series of lower highs and lower lows. Currently, the price is oscillating around 1734 USD, trying to bounce back from recent lows. Key support is located around 1600 USD, while resistance is at 1900 USD. The trading volume appears to be relatively low, which may suggest a lack of strong demand at the current price level. Oscillators indicate an oversold condition, which may suggest a potential rebound in the short term.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart of Ethereum, consolidation is visible after the recent decline. The current price of 1734 USD is holding close to the upper boundary of the sideways channel. Key resistance levels are at 1760 USD, while support is at 1700 USD. Trading volume remains moderate, and the RSI oscillates around the neutral level, suggesting a lack of clear direction in the short term.

Ethereum - 1H Chart

Ethereum - 1H Chart

The hourly chart of Ethereum shows a slight increase in the last hours, with the price moving in a narrow range between 1720 and 1740 USD. A slight increase in volume is noticeable, which may suggest the building of buying pressure. Key levels to watch are 1745 USD as resistance and 1720 USD as support. The MACD indicates the possibility of a short-term rebound.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart of Ethereum, a short-term consolidation pattern is visible. The price oscillates around 1734 USD, with slight movements up and down. Support is located at 1730 USD, while resistance is around 1740 USD. The Stochastic RSI indicates potential overbought conditions, which may suggest the possibility of a short-term price decline.

Ethereum - Options data

Options data for the ETF ETHA indicates a dominance of put positions, with a Put/Call Ratio of 1.14, reflecting a bearish sentiment in the market. The highest interest in open put positions is at the level of 9 USD, which is consistent with the Max Pain level. High open positions at the 14 USD strike may act as a short-term resistance. Call OI remains lower, suggesting caution among investors regarding potential increases.

Ethereum - Summary

The current sentiment in the Ethereum market is bearish, with key support around 1700 USD and resistance at 1760 USD. Volumes remain low, which may limit growth potential. Options data suggests a dominance of put positions, with Max Pain at 9 USD. Current support and resistance levels are crucial for the short-term market dynamics.

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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