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 the last week's price surge. This rebound indicates a potential bullish trend, with $75,650 now serving as a key support level that could be vital for bitcoin's next attempt to break through the $80,000 barrier. Meanwhile, Ether is valued at $2,344, with its chart exhibiting more bearish signals than bitcoin, characterized by a series of lower highs since April 17.
The overall market is experiencing an uptrend as US investors await the earnings reports of 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, while derivatives positioning and token performance are also being closely watched.