Bitcoin, currently trading at $77,700, has seen a 1.8% increase since midnight UTC, rebounding from the $75,650 level, which previously acted as a resistance point during last week's rally. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a crucial support level that could be vital for bitcoin's potential push towards the $80,000 mark. Meanwhile, Ether is priced at $2,344, displaying more bearish signals than bitcoin, with its chart showing a series of lower highs since April 17.
The overall market is experiencing an uptrend as US investors await a string of tech company earnings reports, including those from Alphabet, Microsoft, Amazon, and Meta, all scheduled for after the market close on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is also under scrutiny.