Morning market review - Wednesday, July 8, 2026

On the daily chart, Bitcoin is in a correction phase after a previous rise. The price has fallen below the level of 64,000 USD, which may suggest further weakening. Significant support is located around 60,000 USD. If this level is broken, further declines towards 58,000 USD are possible. Resistance is set at the level of 66,000 USD, breaking which could indicate a return to the upward trend. Current movements suggest uncertainty in the market with lower volume.

On the 4-hour chart, Bitcoin continues its downward trend, with current levels oscillating around 62,500 USD. The price is oscillating below the moving averages, suggesting further selling pressure. Key support is at 61,500 USD, and resistance is at 63,500 USD. A break of support may lead to further declines, while a rebound from this level may lead to a short-term increase.

On the hourly chart, Bitcoin shows signs of consolidation in the range of 62,000-63,000 USD. The price is close to local support at 62,000 USD, while resistance is at 63,000 USD. Technical indicators suggest that momentum is currently neutral, but with a tendency for further declines if support is broken. Volume remains low, which may indicate a lack of decisive direction.

The 15-minute chart shows a slight rebound from the level of 62,000 USD, however, the overall trend is downward. The price oscillates below the level of 62,500 USD, which suggests that selling pressure remains. Key support is at 62,000 USD, with resistance at 62,700 USD. Short-term momentum indicates the possibility of further consolidation within this range.

Options data indicates a very bullish sentiment, with a low put/call ratio of 0.19. The highest interest in calls is at the $38 strike, which suggests expectations of a price increase. The max pain level is $38, which also confirms the bullish sentiment. Significant support levels for puts are $34 and $30, indicating that investors are hedging against larger declines. High open interest for calls suggests expectations for further increases.

Current analysis indicates a continuation of the downward trend, although options data suggests bullish sentiment. Key support levels are 62,000 USD and 60,000 USD, while resistance is at 64,000 USD. The bias is neutral with a tendency to decline unless a breakout occurs above 66,000 USD. Market sentiment still shows fear, which may affect further price weakening.

On the daily chart of Ethereum, consolidation is visible after a significant downward movement, suggesting a possible period of stabilization. The price oscillates around the level of 1750 USD, with key support at 1600 USD and resistance at 1900 USD. Decreasing volume may indicate a lack of decisiveness among market participants. The RSI is in a neutral range, which may suggest that the market is looking for direction. In the context of the overall trend, bear dominance is still noticeable, but a bullish correction is possible.

On the 4-hour chart, the price of Ethereum shows a slight downward trend after reaching a local peak. The price is testing support at 1720 USD, and the nearest resistance is at 1780 USD. The moving averages are converging, which may indicate a potential breakout. The MACD remains in the negative zone, suggesting continued selling pressure, although momentum may reverse with an increase in volume.

On the hourly chart, the price of Ethereum continues its downward movement, testing the lower boundaries of the channel at 1740 USD. The nearest resistance is at 1760 USD, and support is at 1730 USD. We are observing lower highs and lower lows, indicating sustained selling pressure. The RSI momentum is approaching the oversold level, which may suggest a potential short-term upward correction if the price maintains support.

On the 15-minute chart, Ethereum shows signs of stabilization after recent declines. The price oscillates around 1745 USD, with key support at 1740 USD and resistance at 1750 USD. We observe lower volume, which may suggest consolidation before a potential move. The MACD indicates a possible attempt to bounce back, suggesting that the price may test nearby resistance before deciding on a further direction.

Options data for ETHA indicates a very bullish sentiment with a put/call ratio of 0.28, suggesting an advantage for call options. The key call level is 14 USD, which translates to a neutral impact on the ETHUSD price. High open interest at 14 USD may indicate potential resistance in case of price increases. On the other hand, put levels are not as strongly populated, which may suggest less interest in protection against declines. It is worth observing price reactions at the max pain level of 14 USD.

Ethereum is in consolidation with a slight bearish bias. Key levels are support at 1720 USD and resistance at 1780 USD. Options data indicates strong bullish sentiment, but the current selling pressure may limit gains. Macroeconomic events, such as the FOMC, may influence the further direction. Monitoring the reaction at the 14 USD level in the context of options will be crucial for understanding further price movements.

On the daily chart of XAUUSD, we observe a continuation of the downward trend, with recent increases recording a rebound from the level of 4100. The price is approaching a key resistance around 4200, where consolidation previously occurred. We are seeing an increase in volume, which may indicate a potential acceleration of the movement. Support is located around 4000, and breaking through this level may lead to further declines.

On the 4-hour chart, the price of gold shows a reversal pattern with a strong bounce from the level of 4080. There is a possibility of further increases if the price breaks the resistance at 4130. However, the upcoming FOMC Meeting Minutes may introduce volatility. Key support is at 4080, and resistance is at 4180.

The hourly chart shows consolidation in a narrow range between 4120 and 4150. The current momentum is neutral, with a slight advantage for bulls. A breakout above 4150 may open the way to 4180. Support at 4100 is crucial for maintaining the short-term uptrend.

On the 15-minute chart, fluctuations are visible in the range of 4120-4135. The short-term trend is sideways, with a slight advantage for buyers. An increase in volume may indicate a possible breakout. Key levels are 4115 as support and 4135 as resistance.

Options data for GLD indicates a very bullish sentiment with high volume and open interest on call options. The lack of put positions suggests no expectations for declines. The nearest targets for increases are strikes around 380 and 385, which may suggest a rise in XAUUSD in the short term. On the other hand, the maximum pain at 425 indicates a potential limit for further increases.

The current bias for XAUUSD is moderately bullish, supported by options data and a rebound from the 4100 level. Key resistance levels are 4150 and 4180, with support at 4100. Investors should be cautious ahead of macroeconomic events that may increase volatility. The upcoming FOMC Meeting Minutes may introduce additional market movements.

On the daily chart of XAGUSD, the price of silver shows signs of consolidation after a previous decline. Current support is around 58 USD, and resistance is near 64 USD. The RSI indicators are approaching neutral levels, suggesting a lack of clear direction. Trading volume is moderate, which may indicate possible accumulation before a potential price move. Further confirmation of direction will depend on breaking key support or resistance levels.

On the 4-hour chart, silver has bounced off the support level around 58 USD, which may suggest a short-term upward movement. The current resistance is around 62 USD. Technical indicators, such as MACD, are beginning to indicate the possibility of a trend change to bullish, but confirmation in the form of higher volume is needed.

In the hourly perspective, XAGUSD shows signs of improvement after creating local support at the level of 59 USD. The current rebound may encounter resistance at 61 USD. The bullish momentum is visible, although the trading volume remains relatively low, which may limit further increases without an additional catalyst.

On the 15-minute chart, the price of silver is moving in a narrow range between 60 and 61 USD. Short-term resistance is at 61 USD, and support is at 60 USD. The RSI indicators suggest slight overbought conditions, which may indicate the possibility of a short-term correction downwards if resistance is not broken.

Options data for SLV suggests a very bullish sentiment, with a low put/call ratio of 0.10. Key call levels, such as $57, indicate an expected increase in silver by 6.5%. The current max pain level at $57 also supports the bullish scenario. Higher volume and open interest for call options suggest a demand advantage over supply, which may drive further price increases.

The overall sentiment for XAGUSD is bullish, supported by options data and positive technical indications. Key resistance levels are 62 and 64 USD, while support is at 58 USD. In the event of a breakout above 62 USD, further upward movement is possible. The ongoing consolidation suggests waiting for an impulse, which may come from today's macroeconomic events, such as the FOMC Meeting Minutes.

On the daily chart of the S&P 500, it can be seen that the index is in a consolidation phase after a previous strong increase. Currently, the level of 7500 points acts as support, while 7600 serves as resistance. We are observing moderate volume, which may suggest indecision among investors. Technical indicators are beginning to signal a possible correction, but the overall trend remains bullish as long as the support level at 7500 is not broken.

On the 4-hour chart of the S&P 500, there is a slight selling pressure, confirmed by the recent drop from the level of 7600 points. Currently, the price is oscillating around 7500, which may be a key support level. Technical indicators suggest the possibility of further consolidation unless the level of 7520 is broken, which could open the way for further increases.

Hourly analysis indicates sustained volatility around 7500 points. There is buying pressure, but there is a lack of a decisive direction. A break above the level of 7530 could accelerate the upward movement, while a drop below 7480 may attract further selling interest. Current candlestick formations suggest a possible continuation of consolidation.

The 15-minute chart shows that the index is moving in a narrow range between 7480 and 7520. Current activity suggests a lack of clear direction, and indicators point to possible consolidation. A breakout of either of these levels could set a short-term direction for the S&P 500.

The SPY options data shows a very bullish sentiment with a Put/Call ratio at 0.00, indicating a dominance of call positions. Key call levels, such as $758, $757, and $752, are clearly above the current price, which may suggest expectations for increases. The lack of volume and open positions on puts highlights a lack of interest in hedging against declines. The Max Pain at $758 may act as a magnet for the price, suggesting a potential rise to that level.

Analysis indicates a moderately bullish sentiment with key support at 7500 and resistance at 7600. Options data confirms a very bullish attitude among investors. Key levels to watch are 7520 as a breakout point to the upside and 7480 as support. Volatility is expected to remain, and today's FOMC minutes may influence the further direction of the market.

On the daily chart of WTI, we observe a rebound after a previous strong downtrend. The price is approaching a key resistance level at 75 USD, which may pose a challenge for further increases. Technical indicators are starting to signal a possible trend change, but confirmation of a breakout above the mentioned resistance is still needed. Current support levels are around 70 USD, which is a key level for buyers.

On the 4-hour chart, a clear upward trend is visible from the level of 66 USD to the current 72 USD. The price is approaching the resistance zone around 73 USD, which may cause a temporary slowdown in the increases. Increased volume in the recent bullish candles suggests interest from buyers, but a breakout of resistance is needed for the continuation of the trend.

The hourly chart shows dynamic increases that may be the result of short-term momentum. The price is approaching the key level of 73 USD, which may act as a barrier to further increases. Increased volume suggests that the market is in a state of volatility, which could lead to a correction in the event of a failed breakout.

On the 15-minute chart, consolidation is visible around 72.5 USD, which may suggest a temporary slowdown in the upward momentum. Short-term resistance is at 73 USD, while support is around 72 USD. A short-term correction may occur before the price attempts to break above 73 USD.

Options data indicates a very bullish sentiment with a low put/call ratio of 0.17, suggesting a dominance of call positions. Key levels for call options are 109 USD and 111 USD, which correspond to increases in the spot market. Supports for put options are at the levels of 101 and 100 USD. Max pain at the level of 104 USD suggests the possibility of the price returning to this level in case of a sentiment change.

The current bias for WTI is bullish, with main resistance at 73 USD and support at 70 USD. Bullish options data supports further increases, but breaking the resistance at 73 USD will be key. In the event of a correction, the price may return to the level of 70 USD. Macroeconomic events may influence the further direction of price movement.

On the daily chart of EUR/USD, a downward trend is visible, with the latest candles indicating potential consolidation around the level of 1.1410. Support is located around 1.1350, and resistance at the level of 1.1470. The current movement may suggest an attempt to bounce back; however, without a clear breakout of the resistance levels, the downward trend may continue.

On the 4-hour chart, consolidation is visible in the range of 1.1380 - 1.1440. The latest candles show an attempt to break upwards, but the volume is low, which may suggest a lack of strength for a sustainable increase. A breakout above the level of 1.1440 may open the way for further increases.

The hourly chart indicates consolidation in a narrow range of 1.1400 - 1.1430. Currently, the price is oscillating around the lower boundary of this range. It will be crucial to break through one of these levels to determine the direction of further movement.

On the 15-minute chart, there is an attempt to bounce off the level of 1.1400. However, the upward movement is limited and requires confirmation with volume. Currently, the price is heading towards 1.1420, which may be a short-term target for the bulls.

Options data for the FXE ETF shows a very bullish sentiment with a low put/call ratio of 0.14. The greatest interest in call options is at the $109 level, indicating bullish expectations. Key support is at the $106 level, which coincides with the maximum pain point in the options market. High call volume indicates potential growth.

Currently, EUR/USD is oscillating around 1.1410. Options data indicates a bullish sentiment, with key resistance at 1.1440 and support at 1.1380. If the price breaks above 1.1440, further increases are possible. Macroeconomic events, such as the FOMC Meeting Minutes, may affect the volatility of the exchange rate during the day.

On the daily chart of GBP/USD, it can be seen that the pair is in a consolidation phase after previous declines. The price oscillates around 1.3360, suggesting that the market is trying to find direction. The key resistance is at the level of 1.3500, while support is around 1.3200. The current sideways trend is supported by low volatility, which may suggest a possible move in case of a breakout of either of these levels.

On the 4-hour chart of GBP/USD, there is an attempt to bounce off the local low at 1.3200. The price is rising but encounters resistance around 1.3400. If this level is broken, the next target could be 1.3500. Support remains at 1.3300, which may act as a barrier to further declines.

On the hourly chart of GBP/USD, there is moderate buying pressure, which has led to a rise towards 1.3360. If the momentum holds, a test of resistance at 1.3400 is possible. Support is at 1.3300, and a break below it could open the way for further declines towards 1.3250.

On the 15-minute chart of GBP/USD, there is a short-term upward trend with local support at 1.3340. The price is testing resistance at 1.3360. A breakout of this level could lead to further increases towards 1.3380. Support at 1.3340 should be monitored for a potential correction.

Analysis of options data for the FXB ETF shows a strong bearish sentiment with a high put/call ratio of 3.07. Key support levels for put options are at $122, which corresponds to a potential decline in GBP/USD. Meanwhile, resistance levels for call options are less significant, suggesting limited upside potential. Max pain is at $122, which may indicate further declines in the short term.

Current analysis of GBP/USD indicates a neutral to slightly bearish sentiment. Key levels are resistance at 1.3400 and support at 1.3300. Long-term levels suggest potential further declines, which aligns with options data. Investors should monitor the price reaction at 1.3360, as well as today's macroeconomic events that may impact market volatility.

On the daily chart of AUD/USD, we observe a downward trend from the level of 0.7350 to the current 0.6936. The recent bounce from the support level at 0.6850 suggests a possible short-term correction. However, a continuous drop below 0.7000 indicates the dominance of bears. Key support is at the level of 0.6850, and resistance is at 0.7050. Breaking these levels may determine the further movement of the pair.

On the 4-hour chart, consolidation is visible after the declines from the level of 0.7120. Current levels are oscillating around 0.6930, with short-term support at 0.6900. Resistance is at the level of 0.6980. A move above 0.6980 may indicate a potential reversal, although the sentiment remains negative.

The hourly chart shows oscillation around 0.6935 with a slight upward impulse. Current support is at 0.6915, and resistance is at 0.6960. A breakout of either of these levels may signal the short-term direction of movement. Momentum indicates a possible further increase, but there is a lack of strong confirmation.

On the 15-minute chart, AUD/USD is oscillating in a narrow range of 0.6930-0.6945. The current consolidation suggests a lack of clear direction. Support is at 0.6930, and resistance is at 0.6945. A break above the 0.6945 level may signal a short-term move upward, with a target at 0.6960.

Options data for FXA indicates a dominance of bears with a high put/call ratio of 3.29. The highest number of open put positions is at $70, which suggests expectations of further decline. Max pain is at $70, indicating that the market may be heading in this direction until the options expire. The options sentiment remains negative, which may affect levels on AUD/USD.

AUD/USD is in a short-term downtrend, with key support at 0.6850 and resistance at 0.7050. Options analysis indicates further decline, with a put/call ratio of 3.29. Key macroeconomic events may impact volatility, particularly FOMC meetings and data from RBNZ. Overall sentiment remains bearish, suggesting caution when attempting to buy.

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The daily chart of USD/CAD shows a strong upward trend that has stalled around 1.4200. Currently, the price is consolidating after reaching a local peak, which suggests the possibility of a correction. Support is located around 1.3900, and resistance at 1.4250. The Relative Strength Index (RSI) is in the overbought zone, which may signal the potential for further pullback before the continuation of the upward trend.

On the 4-hour chart of USD/CAD, a consolidation pattern is visible below the level of 1.4200. The current structure indicates the possibility of a correction to the support area at the level of 1.4100. The RSI is neutral but with a tendency to decline, which supports the correction scenario. The trading volume is moderate, which may indicate a lack of decisiveness among investors.

The hourly chart showed a bounce from the resistance level of 1.4200 and a move towards the support at 1.4150. The price is moving in a short-term downward channel. MACD suggests slight bearish pressure, and the volume increased during the recent declines, which may indicate further weakening in the short term.

The 15-minute chart indicates the presence of a short-term downtrend, with a support level at 1.4160 and resistance at 1.4190. Moving averages suggest further declines, and the volume is stable, confirming the activity of sellers. This may suggest further short-term weakening.

Option data for FXC shows a very bullish sentiment with a low put/call ratio of 0.37. The largest open interest is at the level of 81 USD, which may indicate a bullish target for USD/CAD. However, the current price of FXC is significantly lower, suggesting that the market may be interested in a short-term correction before further increases. The Max Pain indicator at the level of 81 USD confirms a possible long-term bullish trend.

USD/CAD is in a consolidation phase after a strong increase, with key resistance at 1.4200 and support at 1.4100. Short-term indicators suggest a potential correction, but the long-term trend remains bullish. Options indicate a significant potential for further increases. Key levels to watch are 1.4100 (support) and 1.4250 (resistance).