Bitcoin is currently trading at approximately $77,700, representing a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during last week's rally. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a key support level that could play a vital role in bitcoin's potential push towards the $80,000 mark. Meanwhile, Ether is trading at $2,344, displaying more bearish signals than bitcoin, with its chart showing a series of lower highs since April 17. The broader market is experiencing an uptrend as US investors await the upcoming earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive market sentiment. Additionally, derivatives positioning and token performance are being closely watched.