Bitcoin, currently trading at $77,700 with a 1.8% increase since midnight UTC, has rebounded from the $75,650 level, which previously acted as a resistance point during last week's rally. This rebound indicates a potential bullish trend, with $75,650 now serving as a crucial support level for another potential push towards $80,000. Meanwhile, Ether is trading at $2,344, displaying more bearish signals than Bitcoin due to a series of lower highs since April 17.
The overall market is experiencing an uptrend as US investors await earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, scheduled for after the market close on Wednesday. Nasdaq 100 futures have risen by 0.25% in pre-market trading, with derivatives positioning and token performance also under scrutiny.