Bitcoin is currently trading at approximately $77,700, representing a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during last week's rally. This rebound may signal a shift towards a bullish trend, with $75,650 now serving as a support level that could be vital for bitcoin's potential push towards $80,000. Meanwhile, Ether is priced at $2,344, with its chart exhibiting more bearish indicators than bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await the release of earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market closes on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is also being closely watched.