The current bitcoin price is hovering 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 last week's rally. This upward movement suggests a shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a pivotal role in bitcoin's potential push to surpass $80,000. Meanwhile, ether is trading at $2,344, displaying more bearish tendencies compared to bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptrend as U.S. investors await the release of 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 by 0.25% in pre-market trading, indicating a positive sentiment. Additionally, derivatives positioning and token performance are under scrutiny.