AnalysisNATGAS

Morning market review - Sunday, May 24, 2026

Technical analyses of 2 instruments with options data

Kacper MrukMay 24, 2026Updated: May 24, 20261 min read

Morning market review indicates a sustained optimism among investors, which is reflected in the Fear & Greed Index, currently at 59, indicating greed in the market. In the context of monetary policy, the current Federal Reserve interest rate is 3.50-3.75, and the next FOMC meeting is scheduled for June 17, 2026. In today's analysis, we will take a look at two key instruments that may provide valuable insights into current market trends.

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Further Reading

Bitcoin - Daily Chart (D1)

Bitcoin - Daily Chart (D1)

On the daily chart, Bitcoin is oscillating around 76,724 USD. Despite the earlier decline, the price shows signs of stabilization and consolidation below the 80,000 USD level. Current support is at 72,000 USD, and resistance is at 80,000 USD. Technical indicators suggest a possible continuation of sideways movement, but a breakout of either key level could set the further direction. Volume remains moderate, indicating investor uncertainty in the short term.

Bitcoin - 4H Chart

Bitcoin - 4H Chart

On the 4-hour chart, there is an attempt to rebound after a previous decline. The price has risen from around 74,000 USD to the current 76,724 USD. Short-term resistance is at 78,000 USD, while support is around 75,000 USD. The RSI indicators are approaching the neutral zone, which may suggest that the market is looking for direction. Further consolidation in this range is possible unless a strong impulse occurs.

Bitcoin - 1H Chart

Bitcoin - 1H Chart

On the hourly chart, Bitcoin is clearly gaining value after a short-term low. Currently, the price remains steadily above 76,500 USD, which may indicate further growth towards 77,000 USD. Support is at the level of 75,800 USD. The MACD and RSI indicators suggest bullish momentum, but it is not yet strong enough to break through the key resistance.

Bitcoin - 15-minute chart

Bitcoin - 15-minute chart

On the 15-minute chart, the price is consolidating above 76,700 USD. Short-term support is at 76,500 USD, and resistance is at 76,900 USD. Volume indicators are low, which may indicate a lack of decisiveness among investors. The short-term trend is neutral, but a breakout in one direction is possible with increased volume.

Bitcoin - Options data

Options indicate a neutral sentiment with a Put/Call Ratio of 0.84. The largest open interest on calls is at $45, which suggests a potential upside target for BTCUSD about 5.9% higher than current levels. Support for puts is at $42, which is approximately 2.4% below the current price. Max Pain is at $45, suggesting that the market may be heading towards this level.

Bitcoin - Summary

Bitcoin is consolidating in the range of 72,000-80,000 USD. Short-term support is at 75,000 USD, and resistance is at 78,000 USD. The options sentiment is neutral, and the Max Pain at $45 may influence the direction of movement. Investors should monitor the reaction at key levels to determine the further trend. The current market sentiment is moderate greed, which may support further increases if the resistance levels are broken.

Ethereum - Daily Chart (D1)

Ethereum - Daily Chart (D1)

On the daily chart of Ethereum, we observe a downward trend since the beginning of the year. The price currently oscillates around the level of 2118 USD. Support is located around 2000 USD, which has been tested previously. Increases are limited by resistance in the 2200-2300 USD zone. Technical indicators are mixed, suggesting possible consolidation. Volume remains relatively low, which may indicate a lack of decisiveness among investors.

Ethereum - 4H Chart

Ethereum - 4H Chart

On the 4-hour chart of Ethereum, a bounce from the local minimum around 2050 USD is visible. The price is approaching resistance at 2150 USD. Technical indicators suggest short-term bullish strength, but corrections are possible. Volume is increasing during the bounce, which may indicate interest in further gains.

Ethereum - 1H Chart

Ethereum - 1H Chart

On the hourly chart, there is a continuation of the upward movement after breaking the level of 2100 USD. The price is testing resistance at 2120 USD. If the buying pressure holds, a further approach to 2150 USD is possible. Technical indicators indicate a bullish advantage, but the RSI is approaching the overbought zone.

Ethereum - 15-minute chart

Ethereum - 15-minute chart

On the 15-minute chart, Ethereum shows short-term consolidation around 2118 USD. Support is visible at 2105 USD and resistance at 2125 USD. The price movement in this range suggests a possible breakout, however, the volume is uneven, which may lead to false signals.

Ethereum - Options data

Option data indicates a dominance of put options with a put/call ratio of 1.23, highlighting a bearish sentiment. Max Pain is at a level of 20 USD, suggesting that the price may tend towards this level as the expiration of options approaches. Significant interest in put options at a level of 14 USD may act as support.

Ethereum - Summary

Current analysis indicates mixed signals for Ethereum. On higher timeframes, we see a downward trend with possible support at 2000 USD. In the short term, increases to 2150 USD are possible, but resistance at 2200 USD remains key. Options and low volume suggest caution and the possibility of further consolidation before a breakout.

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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