Bitcoin, currently valued at $75,744.89, has risen to 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 the prior week's rally. This rebound signals a potential bullish trend, with $75,650 now serving as a crucial support level that could facilitate another push towards the $80,000 mark. Meanwhile, Ether (ETH) is trading at $2,344, 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 tech company earnings reports, including those from Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday. Nasdaq 100 futures have increased by 0.25% in pre-market trading, and derivatives positioning is notable, alongside significant discussions surrounding tokens.