Bitcoin, currently valued at $76,387.40, has risen to approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650, a price point which previously acted as a resistance level during the prior week's upswing. This rebound indicates a shift towards a bullish trend, with $75,650 now functioning as a support level, potentially playing a vital role in bitcoin's potential push to surpass the $80,000 threshold. Meanwhile, Ether (ETH) is valued at $2,344, with its chart displaying more bearish signals compared to bitcoin, having formed a series of lower highs since April 17. The overall market is experiencing an uptrend as U.S.
investors await the upcoming earnings reports from major tech companies, 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, reflecting the market's anticipation.
Additionally, derivatives positioning is noteworthy, alongside discussions surrounding various tokens.