Bitcoin is currently trading at approximately $77,700, representing a 1.8% increase since midnight UTC, following a rebound from the $75,650 mark, which had previously acted as a resistance level during the last week's price surge. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a vital role in bitcoin's potential push to surpass the $80,000 threshold.
Meanwhile, Ether is valued at $2,344, with its chart exhibiting more bearish signals than bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptick, driven by anticipation among US investors for the upcoming 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, further reflecting the market's positive sentiment. Additionally, derivatives positioning and token performance are also being closely monitored.