Bitcoin, currently priced at $77,131.69, has risen to approximately $77,700, representing a 1.8% increase since midnight UTC, after bouncing back from the $75,650 level, which previously acted as a resistance point during the prior week's rally. This rebound may signal a shift towards a bullish trend, with $75,650 now serving as a crucial support level that could facilitate another attempt to breach the $80,000 mark. Meanwhile, Ether (ETH) is trading at $2,344, with its chart exhibiting more bearish tendencies than bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptick, driven by anticipation among U.S. investors of forthcoming tech company earnings, including those of 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.
Additionally, derivatives positioning and token trends are being closely monitored.