Morning market review - Sunday, May 17, 2026

On the daily chart, Bitcoin is experiencing an upward trend, which recently encountered resistance around 82,000 USD. Currently, the price is oscillating around 78,000 USD, indicating a potential correction. Technical indicators, such as RSI, suggest possible market overselling, which may indicate an approaching turning point. The key support level is 76,000 USD, and breaking this level could lead to further declines.

On the 4-hour chart, Bitcoin is in consolidation between 77,500 and 79,500 USD. We are observing the formation of lower highs, which may suggest bearish pressure. A break below 77,500 USD could open the way for further depreciation towards 76,000 USD. However, if the price bounces off the 78,000 USD level, a continuation of the upward movement is possible.

The hourly chart shows that Bitcoin is struggling with resistance at 78,200 USD. The price is moving within a limited range, with support at 77,800 USD. The MACD indicator is close to the zero line, suggesting a lack of clear direction. A breakout above 78,200 USD could lead to a short-term increase towards 79,000 USD.

On the 15-minute chart, a consolidation with a slight downward trend is visible. Key support is located at the level of 77,800 USD. A break below this level may accelerate declines. The trading volume is low, which may indicate a lack of decisiveness among investors.

The current price of the IBIT ETF is 44 USD, and the options market sentiment is moderately bullish with a Put/Call ratio of 0.62. Key levels for call options are 47 USD and 48 USD, indicating bullish expectations. The Max Pain level at 47 USD suggests that the market may aim for this level in the short term. High call option volume indicates potential support for further increases.

Bitcoin is currently in a consolidation phase with downward pressure. Key support levels are 77,800 USD and 76,000 USD, while resistance is at 78,200 USD. Market sentiment is moderately bullish, which may suggest a potential rebound. Investors should monitor the level of 77,800 USD, as a break below it could indicate further declines, while a rebound could lead to increases towards 79,000 USD.

On the daily chart of Ethereum, we observe a clear downtrend, with the price oscillating around 2183 USD. Key support is located around 2100 USD, while the nearest resistance is at 2300 USD. The RSI indicates a possible market oversold condition, which may suggest a potential rebound. However, the overall sentiment remains bearish, indicating the possibility of further declines if the support level is breached.

On the 4-hour chart, consolidation is visible after the recent decline. The price is approaching the resistance level at 2200 USD, while support is around 2150 USD. A breakout of either of these levels could determine the further direction of movement. The current volume is moderate, which may suggest a lack of decisiveness among investors.

On the hourly chart, Ethereum shows signs of stabilization after a recent decline. The price oscillates around 2183 USD with a slight upward trend. Key resistance is at 2200 USD, while support is at 2170 USD. Trading volume remains low, which may indicate potential volatility in the event of increased market activity.

The 15-minute chart shows slight fluctuations in the range of 2180-2190 USD. Currently, sideways movement dominates with a slight upward pressure. Key support is at 2175 USD, and resistance is at 2190 USD. Short-term volatility is low, which may indicate the possibility of a short-term breakout.

Options data indicates a moderately bullish sentiment with a PUT/CALL ratio of 0.69. Key support levels are at 16 USD and 17 USD, while resistance is set at 18 USD and 19 USD. The Max Pain level at 18 USD suggests that the price may be heading in that direction. The dominant volume of call options over puts may indicate bullish expectations among investors.

Ethereum is in a downtrend, with key support at 2100 USD and resistance at 2300 USD. The market bias is slightly bearish, however, options data suggest a potential rebound to 18 USD. In the short term, the price may oscillate between 2170 and 2200 USD. Key levels to watch are 2150 USD as support and 2200 USD as resistance.