Morning market review - Sunday, June 7, 2026

On the daily chart of BTCUSD, a strong downward trend has been visible for several months. However, recent sessions have brought an attempt to bounce back from the level of around 58,000 USD, which may suggest a correction. The current price is around 62,189 USD, and the nearest resistance is located around 70,000 USD. The long-term trend remains negative, and key support is at the level of 58,000 USD.

On the 4-hour chart, Bitcoin is trying to stabilize after strong declines. The recent candles indicate bullish momentum with a potential target of 64,000 USD. Increasing volume suggests that buyers are beginning to regain control. Key resistance is at 65,000 USD, while support is at 60,000 USD.

The hourly chart shows a continuation of the upward trend with strong support at 61,000 USD. The recent bounce is supported by increasing volume, but the price faces resistance at 63,000 USD. A breakout of this level could open the way for further gains; however, the lack of clear consolidation indicates the possibility of a return to lower levels.

On the 15-minute chart, there is strong buying pressure. The price has broken through 62,000 USD, and the volume remains elevated. Short-term support is at 61,500 USD, while resistance may appear around 62,500 USD.

Options data indicates a negative sentiment with a PUT/CALL ratio of 1.77, suggesting a dominance of put options. Key support levels are 35 USD and 36 USD, while the max pain level is 38 USD, which may act as a price magnet. Open interest for put options is higher, indicating greater activity in hedging against declines. Sentiment remains bearish.

Bitcoin is currently in a rebound phase after a strong decline, but the long-term trend remains negative. Key support is at 58,000 USD, and the nearest resistance is at 70,000 USD. The market sentiment from options data remains bearish, suggesting caution. Short-term upward pressure may lead to testing higher levels, but uncertainty remains high.

On the daily chart, Ethereum is in a downward trend, with a clear rebound from a low level. The price has increased by 2.85%, which may suggest a correction within the larger downward trend. Key resistances are around 1700 USD, where there is greater selling activity. Support can be identified at the level of 1550 USD, which is significant for the further continuation of a potential rebound.

On the 4-hour chart, a rebound from the level of 1585 USD is noticeable. The price has increased by 1.20%, indicating a short-term recovery. The nearest resistance is visible around 1650 USD. Increased volume during the rises suggests buyer interest; however, the overall trend remains bearish.

The hourly chart shows a continuation of the rise from the level of 1585 USD, with local resistance at 1620 USD. The increase in volume at prices above 1600 USD suggests further interest from buyers, but the presence of resistance around 1620 USD may limit further gains. Key support remains at the level of 1590 USD.

The 15-minute chart shows dynamic increases from the level of 1600 USD. The price reached 1614 USD, and the volume indicates buyer activity. A relatively strong resistance is at 1615 USD, and support is at 1605 USD. The short-term sentiment remains positive.

Options data indicates a dominance of puts with a ratio of 1.01, reflecting a bearish market sentiment. Key support levels are 13 USD and 14 USD, with maximum pain at 13 USD. High interest in put options suggests expectations of further declines, even though the price is currently rising. The volume of calls is higher, which may indicate an attempt to hedge against an increase.

Ethereum is bouncing back short-term, but the overall trend remains bearish. Key resistance levels are 1650 USD and 1700 USD, while support is at 1550 USD. The options sentiment and fear index indicate caution in the market. Gains may be limited by current market conditions, but a short-term bounce could hold if the 1620 USD level is broken.