Bitcoin, currently at $76,536.77, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650. This level previously acted as a resistance point during the prior week's rally. The rebound indicates a shift towards a bullish stance, with $75,650 now serving as a crucial support level that could facilitate another push towards surpassing $80,000.
In contrast, Ether (ETH) is trading at $2,344, displaying more bearish chart 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 release of tech company earnings, including Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, while derivatives positioning and token performance are also under scrutiny.