Bitcoin is currently trading at approximately $77,700, having risen by 1.8% since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during last week's surge. This rebound indicates a potential bullish trend, with $75,650 now serving as a support level that could be vital for bitcoin's potential push beyond $80,000. Meanwhile, Ether is valued at $2,344, with its chart displaying more bearish signals than bitcoin, characterized by a series of declining 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 to report after the market closes on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is also being closely watched.