Bitcoin, currently trading at $76,695.03, has climbed to around $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during the last week's price surge. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a support level that could be pivotal in bitcoin's potential push to break through the $80,000 threshold.
Meanwhile, Ether (ETH) is trading at $2,344, with its chart displaying more bearish indicators than bitcoin, having formed a series of lower highs since April 17. The overall market is experiencing an uptrend, driven by US investors' anticipation of upcoming tech company earnings, including those of Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive sentiment.
Additionally, derivatives positioning and token performance are being closely watched.