Bitcoin is currently trading at approximately $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 last week's rally. This upward movement suggests a bullish trend, with $75,650 now serving as a key support level that could be pivotal in bitcoin's potential push to exceed $80,000.
Meanwhile, Ether is valued at $2,344, displaying more bearish signals than bitcoin, characterized by a series of declining highs since April 17. The overall market is experiencing an uptrend, driven by anticipation of upcoming tech company earnings, including those of 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, and derivatives positioning is noteworthy, alongside significant discussions around tokens.