Bitcoin, currently valued at $77,357.61, has risen to 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 the last week's rally. This rebound indicates a potential bullish trend, with $75,650 transforming into a crucial support level for another potential push towards the $80,000 threshold. Meanwhile, Ether (ETH) is valued at $2,344, displaying more bearish signals than bitcoin, with a series of lower highs recorded since April 17. The broader market is experiencing an uptrend as US investors await the release of tech company earnings, including those from Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN), and Meta (META), all scheduled to report after the market closes on Wednesday.
Nasdaq 100 futures have also seen a 0.25% increase in pre-market trading. Additionally, derivatives positioning and token performance are being closely monitored.