Bitcoin is currently valued at $77,700, representing a 1.8% increase since midnight UTC, after bouncing back from the $75,650 mark, which previously acted as a resistance point during the last week's price surge. This rebound may signify a shift towards a bullish trend, with $75,650 now serving as a critical support level that could be vital for Bitcoin's potential push towards the $80,000 threshold. Meanwhile, Ether is trading at $2,344, displaying more bearish trends than Bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors eagerly await the earnings reports of 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 the derivatives market is seeing a shift in positioning.