Bitcoin, currently priced at $77,700, has seen a 1.8% increase since midnight UTC, rebounding from the $75,650 level. This rebound signifies a shift towards a bullish trend, with $75,650 now serving as a crucial support level that could facilitate another push towards the $80,000 mark. Meanwhile, Ether is trading at $2,344, displaying more bearish signals than Bitcoin, with its chart showing a series of lower highs since April 17.
The overall market is experiencing an uptrend, driven by anticipation of upcoming tech company earnings, including those of 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.