Bitcoin, currently trading at $76,119.08, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, after bouncing back from $75,650, a level that previously acted as a resistance point during the last week's price surge. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a crucial support level that could be vital for bitcoin's next attempt to surpass the $80,000 mark. Meanwhile, Ether (ETH) is trading at $2,344, with its chart displaying more bearish trends compared to bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend, driven by anticipation among U.S.
investors for the upcoming earnings reports from major tech companies, including Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday. Nasdaq 100 futures have also seen a 0.25% increase in pre-market trading. An examination of derivatives positioning and market trends also reveals insights into token performance.