Bitcoin is currently valued at $77,700, representing a 1.8% increase since midnight UTC, following a rebound from $75,650, a level that previously acted as resistance during the last week's price surge. This rebound indicates a potential bullish trend, with $75,650 now serving as a key support level that could be vital for bitcoin's next attempt to surpass $80,000. Meanwhile, Ether is trading at $2,344, displaying more bearish signals than bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptick as US investors await earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, while derivatives positioning and token performance are also under scrutiny.