Bitcoin, currently trading at $76,148.42, has risen to around $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during the prior week's rally. This rebound signals a potential bullish trend, with $75,650 now serving as a critical support level that could be essential for bitcoin's next attempt to surpass $80,000. Meanwhile, Ether (ETH) is trading at $2,344, displaying more bearish signals than bitcoin, characterized by 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 closes on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, and derivatives positioning is indicating a shift in market sentiment.