Bitcoin is currently valued at $78,201.09, trading at approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from $75,650, a level that previously acted as a resistance point during last week's rally. This rebound signals a potential bullish trend, with $75,650 now serving as a support level, which may prove pivotal in bitcoin's potential push to surpass $80,000.
Meanwhile, Ether (ETH) is priced at $2,344, with its chart exhibiting more bearish indicators than bitcoin, characterized by a series of lower highs since April 17. The broader market is experiencing an uptrend, driven by anticipation among U.S. investors for the upcoming earnings reports from major tech companies, including 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, reflecting the positive sentiment.
Additionally, derivatives positioning and token performance are also being closely monitored.