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Morning market review - Sunday, May 10, 2026

Technical analyses of 2 instruments with options data

Kacper MrukMay 10, 2026Updated: May 10, 20261 min read
Morning market review - Sunday, May 10, 2026

Morning Market Overview

The morning market overview indicates a prevailing atmosphere of greed, with the Fear & Greed index at 67. In the context of the stable Fed interest rate, which stands at 3.50-3.75, investors are eagerly awaiting the next FOMC meeting scheduled for June 17, 2026. In today's analysis, we will take a look at two key instruments that may provide valuable insights in light of the current market trends.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin continues its upward trend after bouncing from around 60,000 USD. The current price is 80,712 USD, indicating a stable increase. Technical indicators suggest further strengthening, although the volume shows no significant changes, which may indicate a potential slowdown. Key support is located at 76,000 USD, while resistance is found around 84,000 USD. The trend remains bullish, supported by positive market sentiment.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, Bitcoin is consolidating in the range of 79,000-81,000 USD. In recent sessions, there have been slight fluctuations, which may suggest gathering strength before the next move. The current support level is 79,500 USD, while resistance is at 81,500 USD. Volume remains moderate, which may indicate a lack of decisiveness among investors in the short term.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

The hourly chart shows a slight weakening in the uptrend, with local peaks around 80,800 USD. The current price is oscillating around 80,700 USD. Short-term support lies at 80,200 USD, while resistance is at 81,000 USD. Technical indicators suggest a possibility of correction, however, the overall sentiment remains positive.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, Bitcoin is moving in a narrow range between 80,650 and 80,750 USD. The increases are limited, and the trading volume indicates low activity. Support is at 80,600 USD, while the nearest resistance is at 80,800 USD. The short-term sentiment is neutral, with no clear direction.

Bitcoin - Options data

Options data indicates a very bullish sentiment with a put/call ratio of 0.46. Key call levels are $46, $47, and $48 with high open interest, suggesting bullish expectations. Max pain at $46 supports the bullish scenario. Volume and open interest for call options are significantly higher than for puts, further confirming investors' positive outlook on the price increase of Bitcoin.

Bitcoin - Summary

Bitcoin is showing a bullish trend across all analyzed time frames. Key supports are at 79,500 USD and 80,200 USD, while resistances are at 81,000 USD and 84,000 USD. The options sentiment and the Fear & Greed Index at the 'Greed' level support the possibility of further increases. Investors should pay attention to potential corrections, however, the overall bias remains bullish.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

Error generating D1 analysis for Ethereum

Ethereum - 4H Chart

Ethereum - 4H Chart

Error generating H4 analysis

Ethereum - 1H Chart

Ethereum - 1H Chart

Error generating H1 analysis

Ethereum - 15-minute chart

Ethereum - 15-minute chart

Error generating M15 analysis

Ethereum - Summary

Error generating summary

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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