Bitcoin is currently trading at around $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650, which previously acted as a resistance level during the last week's price surge. This rebound indicates a potential bullish trend, with $75,650 now serving as a crucial support level for bitcoin's potential push towards the $80,000 milestone. Meanwhile, Ether is priced at $2,344, with its chart 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 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, and derivatives positioning is also being closely watched.