Morning market review - Wednesday, April 8, 2026

On the daily chart, Bitcoin (BTCUSD) continues to move upward after bouncing off the level of 64,000 USD. Currently, the price is hovering around 71,791 USD, with a clear resistance level around 74,000 USD. The bullish trend is supported by increased volume, which may suggest further gains. Key support is located around 68,000 USD, where consolidation previously occurred. The next upward target is 76,000 USD, and a potential breakout of this level could open the way to 80,000 USD.

On the 4-hour chart, Bitcoin shows a strong upward movement after breaking out from the level of 68,000 USD. The price has broken through local resistances and is currently testing the level of 72,000 USD. We are observing increased volume during the rises, which suggests that buyers have the upper hand. Support is around 70,000 USD, while key resistances are at 73,000 USD and 74,000 USD. If the price stays above 72,000 USD, further upward movement is possible.

On the hourly chart, Bitcoin shows signs of consolidation after a sharp increase from 69,000 USD to 72,000 USD. Currently, the price oscillates around 71,800 USD, and the volume is decreasing, which may suggest a short-term correction. Support is at 71,000 USD, and resistance is at 72,000 USD. If the price breaks through 72,000 USD, further growth is possible. Otherwise, a return to 70,000 USD is likely.

On the 15-minute chart, Bitcoin shows signs of short-term consolidation. The price oscillates between 71,700 USD and 72,000 USD. RSI signals indicate a temporary exhaustion of buying strength, which may lead to a slight correction towards 71,500 USD. Volume is lower, suggesting that the market is waiting for new impulses. Important levels to watch are 71,500 USD as support and 72,000 USD as resistance.

Options data indicates a bearish advantage, with a Put/Call Ratio of 1.72, suggesting expectations of further declines. The maximum pain point is at $41 for IBIT, which translates to a 6.5% increase for BTCUSD. Open interest at the put levels is significantly higher, especially at the $38 strike, which may suggest strong support around this level. Market sentiment is negative, as confirmed by the Fear & Greed index at an extreme fear level.

Bitcoin shows signs of continuing growth, although market sentiment remains negative. Key support levels are 68,000 USD and 70,000 USD, while resistances are at 74,000 USD and 76,000 USD. Options indicate bearish pressure, with possible support at 38 USD for IBIT. The overall bias is neutral to bullish, but with caution due to options data and a low Fear & Greed index.

On the daily chart of Ethereum, an upward trend is noticeable after a long period of consolidation. The price has broken the level of 2200 USD, suggesting potential for further increases. Technical indicators, such as RSI, are beginning to show overbought signals, which may indicate the possibility of a short-term correction. Volume has increased in recent sessions, suggesting growing interest from investors.

The 4-hour chart shows a strong bullish movement that broke above 2240 USD. Currently, the price is consolidating around this level, which may indicate a temporary stabilization before the next move. Support is at 2180 USD, and resistance is at 2300 USD. Technical indicators are neutral, suggesting a possible continuation of the bullish trend.

On the 1-hour chart, Ethereum remains above 2240 USD, indicating demand strength in this area. The current consolidation may be a preparation for the next upward move. Key support is at 2220 USD, while resistance is at 2260 USD. The RSI indicator is neutral, suggesting the possibility of movement in both directions.

The 15-minute chart shows consolidation after the recent upward rally. The price oscillates around 2250 USD, indicating a balance between demand and supply. Short-term support is at 2235 USD, and resistance at 2260 USD. Observed volume is stable, suggesting a lack of immediate large price movements.

Options data indicates a moderately bullish sentiment with a Put/Call Ratio of 0.77. High open positions on calls at strike prices of $16 and $17 suggest expectations of further increases. Key supports at levels of $14 and $15 may provide protection against larger declines. The Max Pain indicator at $16 suggests that prices may oscillate around this level until the options expire.

Ethereum shows a bullish sentiment with key support at 2200 USD and resistance at 2300 USD. Technical indicators are neutral to bullish, suggesting the possibility of further gains. Options data confirms moderate optimism among investors. In the macroeconomic context, today's events may introduce volatility, especially after the release of the FOMC minutes. The bias remains bullish with caution regarding possible corrections.

On the daily chart, gold (XAUUSD) is showing significant strength, with a large price increase of nearly 3% for the day. The price is approaching the level of 4900, which may represent a psychological resistance. The current upward trend is supported by increased trading volume, suggesting a continuation of the gains. Support is located around 4700, where demand reactions were previously visible. It will be crucial to observe whether the level of 4900 will be broken, which could open the way for further increases towards 5000.

On the 4-hour chart, a clear upward trend is visible, with the price breaking through successive local peaks. Currently, the price oscillates around 4835, and the nearest resistance can be identified around 4900. Support is located at 4750, which was previously an important consolidation level. The RSI indicates a possibility of market overheating, which may suggest a short-term correction before further increases.

The hourly chart shows dynamic price movements, with a clear increase in recent hours. The price oscillates above 4830, with potential resistance at 4850. Short-term support can be found at 4800, which may be tested in the event of a correction. Volume supports the upward movement, but RSI suggests the possibility of a short-term weakening of the upward momentum.

The 15-minute chart shows a continuation of the upward trend, but with signs of slowing down. Currently, the price oscillates around 4835, with local resistance at 4840. Short-term support can be located at 4820. The increases have been supported by increased volume, but the RSI in the overbought zone may suggest a correction towards support before the next wave of increases occurs.

The options data for GLD indicates a very bullish sentiment with a lack of interest in put options. The key call levels are 440 and 443, which corresponds to an increase in XAUUSD of 3.8% and 4.5%. The Max Pain at 440 suggests that the market may aim for this level before the options expiration. The call volume and OI are significantly higher than puts, which supports the bullish attitude of investors.

Gold (XAUUSD) is showing strong increases across all analyzed time frames, with resistance at 4900 and support around 4700. GLD options data shows strong bullish sentiment, which may support further increases. The bias remains bullish, with the potential for a technical correction on lower time frames before further increases.

On the daily chart of XAGUSD, we observe a strong upward movement that has been continuing for several days. The price is currently oscillating around the level of 77.60, which represents a clear rebound from previous lows around 72.00. The increases are supported by rising volume, which may suggest further strengthening. The key resistance level is 80.00, while support remains at 75.00. The current trend appears to be bullish, which may be supported by positive sentiment in the silver market.

On the 4-hour chart, a continuation of the upward trend is visible. The price has broken through local peaks around 77.00, which may suggest further increases towards 80.00. Technical indicators support further strengthening, but we are close to overbought levels. Short-term support is visible at 76.00, and resistance at 78.00. The current sentiment remains positive.

On the hourly chart of XAGUSD, a strong upward impulse is visible, which broke through the key level of 77.00. The price is currently consolidating above this level, suggesting the possibility of another upward move. Short-term support is at 76.50, and the nearest resistance is at 78.00. Technical indicators indicate possible short-term exhaustion, but the overall sentiment is positive.

The 15-minute chart shows a dynamic upward movement with a short consolidation above the level of 77.50. During the session, increased volume was observed, supporting the continuation of the upward trend. The local resistance is at 77.80, and the support is at 77.30. Further consolidation is possible before the next upward move.

Options data for SLV indicates a very bullish sentiment with a low Put/Call Ratio of 0.01. Open interest in call options dominates, with key levels at $68, $69, and $70, which translates to potential increases for XAGUSD. Max Pain is at $75, suggesting a potential upward target. High volume and open interest for call options may support further increases in the price of silver in the near future.

Currently, silver XAGUSD is in a strong upward trend with key resistance at 80.00 and support at 75.00. Options data supports a bullish sentiment, with a low Put/Call Ratio. Short-term support levels are 76.50 and 77.30, while resistances are 78.00 and 80.00. Market sentiment and technical data suggest a continuation of the upward movement, although short-term consolidation or correction is possible.

On the daily chart of the S&P 500, a rebound from the recent low of around 6,350 is visible. The current price of 6,616.84 indicates a continuation of the upward trend; however, we are approaching resistance around 6,700. Technical indicators suggest the possibility of further increases, although the volume is not particularly high, which may indicate a lack of strong conviction among investors. If we break through 6,700, the next target could be the level of 6,800. Support is located at 6,500.

The 4-hour chart shows a clear upward trend with several candles closing above previous highs. The price has bounced off the level of 6,550 and is heading towards 6,700. The bullish momentum is supported by moving averages, indicating further increases. A key level for bulls will be the break of 6,700, while support is located at 6,580.

On the hourly chart, the S&P 500 remains in an uptrend, with clear support at 6,600. It is currently testing resistance at 6,620, and a breakout would open the way to 6,650. Momentum indicators are positive but may indicate slight overbought conditions. Maintaining support at 6,600 will be important to continue the upward movement.

The 15-minute chart shows short-term fluctuations around the level of 6,616.84. There is a consolidation with a slight upward bias. Key support is at 6,610, and the nearest resistance is at 6,620. The volume on this interval remains stable, suggesting a lack of strong short-term movement.

Options data indicates a very bullish sentiment with a Put/Call Ratio of 0.00. High Open Interest at strikes 675, 678, and 673 suggests bullish expectations in the short term. The volume of calls exceeds the volume of puts, confirming the bullish sentiment. The key level is 675, which is also the maximum pain level, suggesting a potential market drive towards this level before the options expiration.

Analysis of the S&P 500 indicates a bullish bias with a target of 6,700. Options data supports the upward scenario with a key level of 675 for SPY. Support is located at 6,600, and a break of this level could signal a correction to 6,550. Investors should pay attention to macroeconomic events, including the FOMC minutes, which may influence the further direction of the market.

On the daily chart of WTI, a sharp decline is visible from a level of around 110 USD to the current level of around 95 USD. This movement is significant and may suggest a correction after previous increases. Key support is located around 90 USD, while resistance is at 105 USD. The current momentum indicates a dominance of sellers, although the oversold level may suggest a possible upward correction.

On the 4-hour chart, a continuation of the downward movement is visible with clear bearish candles. Key support levels are at 92 USD, while resistance is at 98 USD. The current structure suggests further selling pressure; however, there is a chance for a short-term rebound if support is reached.

The hourly chart shows a strong downward trend with consolidation around the 95 USD level. A visible increase in volume during declines may suggest strong seller engagement. The nearest support is at 93 USD, while resistance is at 97 USD. A sideways movement in the short term is possible before the next move.

The 15-minute chart indicates consolidation after a sharp decline, with the price oscillating around the level of 94.7 USD. The current structure suggests a possible short-term rebound towards the resistance at 95.5 USD, however, selling pressure remains high.

Options data for USO indicates a very bullish sentiment with an extremely low put/call ratio of 0.01. A large number of open positions at call levels, particularly at 140 USD, 150 USD, and 170 USD, suggests expectations for an increase. Key support levels for puts are 85 USD and 90 USD. Max pain at 170 USD reinforces bullish expectations, although current market conditions may introduce volatility.

Current analysis indicates a strong downward trend in the WTI market with selling pressure dominating in the short term. Key support levels are at 92 USD, while resistances are at 98 USD and 105 USD. The options sentiment suggests bullish expectations, but the short- and medium-term dynamics remain negative. It is worth observing the market's reaction to support levels and possible rebounds.

On the daily chart of EUR/USD, there is a strong upward movement that has broken through several previous resistances. The current price is around 1.1695, which suggests further upward potential. Support is at 1.1500, and the next resistance is visible around 1.1800. Moving averages are in an upward arrangement, which supports the bullish sentiment. Technical indicators like RSI show that the pair may be close to the overbought zone, suggesting the possibility of a short-term correction.

On the 4-hour chart, EUR/USD continues to rise, with a clear breakout above the level of 1.1600. The current momentum suggests a continuation of the bullish trend, but the RSI indicates potential overbought conditions. Important support is located around 1.1550, and the nearest resistance is at 1.1750. Fresh gains may be supported by the earlier breakout from the consolidation pattern.

The one-hour chart shows a strong upward momentum with a clear breakout above the level of 1.1650. Currently, the price is testing 1.1700, with support at 1.1650. Indicators like MACD remain in the positive zone, but RSI suggests a possibility of a short-term correction. It will be crucial to stay above 1.1650, which could provide momentum for further increases.

On the 15-minute chart, consolidation is visible after previous increases. The price oscillates in the range of 1.1680-1.1700. Short-term support is at 1.1680, and resistance is at 1.1700. Technical indicators suggest a possible downward correction, but the overall trend remains bullish.

Options data for FXE indicates a dominance of put options with a high Put/Call Ratio of 2.68, suggesting a bearish sentiment. The largest open put positions are at strikes $100 and $102, which may act as support for EUR/USD in case of declines. Call interest is significantly lower, which limits upside potential. Market sentiment remains in the fear zone, which may affect further volatility.

EUR/USD is showing a strong upward trend across all analyzed timeframes, with key support at 1.1650 and resistance at 1.1750. Options data suggest potential downside risks, but the current momentum indicates a continuation of the upward trend. It will be crucial to stay above 1.1650. Market sentiment remains in the extreme fear zone, which may affect volatility in the short term.

On the daily chart of GBP/USD, we observe an upward movement from the support level around 1.3100, with a clear breakout above 1.3400. The current price of 1.3425 suggests a continuation of the upward trend, but it faces resistance around 1.3500. Technical indicators suggest the possibility of further increases, although the RSI is approaching overbought levels. If the price breaks above 1.3500, a further move towards 1.3600 is possible. Support is located at the level of 1.3300.

The 4-hour chart shows a dynamic increase from the level of 1.3200, with strong bullish candles. The price is now testing the level of 1.3420, which may be a local resistance. Technical indicators are positive, however, oscillators indicate possible short-term market fatigue. Support is located near 1.3300, and a breakout of resistance at 1.3450 may lead to further increases.

On the hourly chart of GBP/USD, a clear upward momentum is visible. The price is consolidating around the level of 1.3420, after a strong upward move from 1.3300. The RSI and MACD indicators suggest a possible correction, but the trend remains bullish. Key support is at the level of 1.3350, and a breakout above 1.3450 may indicate further increases.

The 15-minute chart shows consolidation after rapid increases from 1.3400 to 1.3425. Currently, the price is oscillating in a narrow range, suggesting a possible correction or further sideways movement. Local support is at 1.3410, and resistance is at 1.3430. If the price breaks either of these levels, a corresponding move in the direction is possible.

Current options data for the ETF FXB shows a high put/call ratio of 3.31, indicating a dominance of bearish sentiment. Key put levels are at the strike of $130, which corresponds to +3.2% from ATM, with a large open interest of 41. The maximum pain is at the level of $130, suggesting that the market may aim for this level before the options expiration. Low call volume indicates limited bullish expectations.

Analysis of GBP/USD indicates a short-term upward trend with key resistance levels at 1.3450 and support at 1.3300. Options data suggests a predominance of downward pressure, with max pain at $130 for FXB. The market bias remains mixed, with potential for a correction at the current overbought levels. Key macro events may further influence the volatility of the currency pair in the short term.

On the daily chart of AUD/USD, a strong upward movement is visible after a bounce from the level of 0.6850. The price has broken through local resistances around 0.7000, suggesting a continuation of the upward trend. The nearest resistance is located in the area of 0.7200 if the increases continue. However, technical indicators like RSI may indicate local overbought conditions, which could trigger a short-term correction. Key support remains in the area of 0.6950.

On the 4-hour chart, a dynamic bullish impulse is visible, which has pushed the price above 0.7060. Currently, the price is consolidating above this level, which may suggest a potential preparation for further increases. If the bulls maintain control, the target could be the level of 0.7150. Support is located at the level of 0.7000, and a break of this level could signal a return to a more consolidative movement.

The hourly chart shows strong bullish momentum after breaking above 0.7000. The price is currently oscillating around 0.7070, which may suggest a short-term consolidation before the next move. The RSI indicator is approaching overbought levels, which may indicate a possible short-term correction or consolidation. Key support is at the level of 0.7040.

On the 15-minute chart, a continuation of the upward movement is visible with slight consolidation around 0.7070. The price finds support at 0.7050 and resistance around 0.7080. In the event of a breakout of one of these levels, a quick move towards the broken level is possible. Indicators may suggest short-term overbought conditions, which could lead to a correction.

Options data on FXA shows a moderately bullish sentiment with a put/call ratio of 0.53. The highest interest among put options is at $69, indicating strong support. Meanwhile, the largest open positions in call options are at $71, suggesting that investors expect potential growth. The current price of FXA is $68.00, and the max pain level is $69, which also indicates possible support in this area.

Overall, the sentiment on AUD/USD is moderately bullish, as confirmed by both options data and technical analysis. Key support levels are 0.7000 and 0.6950, while resistances are 0.7150 and 0.7200. Macroeconomic events, such as the FOMC Meeting Minutes, may introduce additional volatility. Given the extreme fear in the market, investors should be alert to sudden changes in sentiment.

On the daily chart of USD/JPY, we observe a downward movement after reaching a local peak around 160.000. Currently, the price is at 158.220, which may suggest further weakening. The support area can be defined in the range of 157.000-157.500, which previously acted as a rebound level. Oscillators indicate possible oversold conditions, which may suggest a correction upwards, however, the dominant selling pressure remains evident.

On the 4-hour interval, a clear downtrend is visible, with a series of lower highs and lows. The price has broken the support at 158.500, which may suggest further declines to the level of 157.000. Volume is increasing during the declines, indicating growing selling pressure. Any potential rebound may encounter resistance around 159.000.

The hourly chart shows dynamic declines from the level of 159.500 to the current level of 158.220. Short-term support can be identified around 158.000. The oscillators are in the oversold zone, which may suggest a short-term rebound; however, the overall structure remains bearish. The nearest resistance is around 158.800.

On the 15-minute chart, an acceleration of declines is visible from the level of 158.700. Currently, the price is consolidating around 158.200, which may suggest an attempt to stabilize before a potential correction. Key support is at 158.000, and resistance is at 158.500. Short-term indicators may suggest a possible rebound.

The FXY options data indicates a very bullish sentiment with a PUT/CALL ratio of 0.31. Call positions dominate, which may suggest expectations for an increase in USD/JPY. The largest open call positions are at strikes of $59 and $61, corresponding to an increase of 3.5% and 7.0% from the ATM level. The max pain at $59 suggests that the market may aim for this level to minimize option losses.

Analysis of USD/JPY indicates a short-term downward trend with key support at 157.000. Intraday charts suggest a possible short-term rebound, however, selling pressure remains dominant. Key resistance levels are 159.000 and 159.500. Options data indicates bullish sentiment, which may suggest a potential upward correction in the medium term. Attention should be paid to the reaction at 158.000 as support in the short term.

On the daily chart of USD/CHF, we observe a clear downward trend that has been ongoing for several weeks. The price has broken through key support at the level of 0.7900, which may suggest further declines. Moving averages indicate a continuation of the downward trend. The RSI is oscillating in the oversold zone, which may suggest a potential rebound, but there are no clear signals of a trend reversal. The nearest support is around 0.7800, and resistance is at the level of 0.8000.

The 4-hour chart shows strong bearish momentum that has pushed the price below 0.7900. Currently, we see consolidation around the level of 0.7880. Technical indicators such as MACD indicate a continuation of the bearish trend. If the price breaks the level of 0.7850, further decline towards 0.7800 is possible. Resistance is forming at the level of 0.7930.

The analysis of the hourly chart of USD/CHF indicates a persistent selling pressure. Since the beginning of the session, the price has been moving within a narrow range around 0.7880. Technical indicators suggest the possibility of short-term consolidation. The nearest support is at 0.7860, and resistance is at 0.7895. In the event of a breakout in either direction, we can expect a more dynamic movement.

On the 15-minute chart, an attempt to stabilize after previous declines is visible. The price is bouncing off the level of 0.7880, but the lack of a decisive upward movement suggests uncertainty among investors. The RSI and MACD indicators indicate the possibility of a short-term rebound, but there is no clear direction. Key levels are support at 0.7870 and resistance at 0.7890.

Options data for FXF indicates a very bullish sentiment, with a put/call ratio of 0.40. Despite this, call options dominate the options market at higher price levels, suggesting expectations of an increase. Key levels are $113 and $115, which correspond to a rise of 3.7% and 5.5% in USD/CHF from ATM. High open interest at call levels indicates potential upward pressure in the longer time horizon.

USD/CHF is in a downtrend, with key support at 0.7800 and resistance at 0.8000. Market sentiment is mixed, with options data suggesting a potential rebound. The Fear & Greed Index indicates extreme fear, which may limit further declines. With the max pain level at $113, investors should watch for price reactions at key support and resistance levels.

On the daily chart of USD/CAD, an upward trend has been visible since the beginning of the year; however, the last few days have brought a correction. The price is hovering around 1.3845, which may suggest testing support at the level of 1.3800. Technical indicators may indicate potential exhaustion of buying forces, which could lead to further correction. The key resistance level is 1.4000, which, in the event of a return to increases, may be a target for investors.

On the 4-hour chart, a strong rebound from the level of 1.3820 is visible, suggesting short-term support. The current consolidation in the range of 1.3820 - 1.3900 may be a preparation for a larger move. In the case of a breakout upwards, the level of 1.3900 will be a key resistance. Technical indicators indicate a neutral sentiment with a slight bias towards increases.

The hourly chart shows a short-term uptrend after bouncing off the level of 1.3820. The price is oscillating around 1.3845, which may suggest consolidation before further movement. Technical indicators indicate a possible slight strengthening, but the lack of a clear direction suggests caution. Key levels are 1.3820 as support and 1.3880 as resistance.

On the 15-minute chart, consolidation is visible around the level of 1.3845. Short-term support is at the level of 1.3830, and resistance is at 1.3855. Technical indicators indicate a neutral sentiment, which may suggest further consolidation in the near future. Investors should monitor reactions at key support and resistance levels.

Options data indicates a very bullish sentiment with a low put/call ratio of 0.25. The largest open interest is at the call level of $80, which suggests strong bullish expectations. The max pain at $80 also indicates possible increases. The current options sentiment supports a bullish scenario for USD/CAD, however, it is advisable to remain cautious due to extreme fear in the market.

USD/CAD shows short-term support at 1.3820 with the possibility of further consolidation. Options data and a very bullish sentiment suggest potential increases; however, the current market sentiment (Extreme Fear) may affect volatility. Key levels to watch are 1.3800 as support and 1.3900 as resistance. Investors should exercise caution considering the upcoming macroeconomic events.