Bitcoin is currently trading at approximately $77,700, marking a 1.8% increase since midnight UTC, after bouncing back from the $75,650 level, which previously acted as a resistance point during the last week's rally. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a support level that could be vital for bitcoin's potential push towards the $80,000 threshold.
Meanwhile, Ether is priced at $2,344, displaying more bearish signals on its chart compared to bitcoin, having formed a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors await the release of tech company earnings, 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 the derivatives market is seeing a shift in positioning, while investors are also keeping an eye on token performance.