The price of Bitcoin is currently hovering around $77,700, marking a 1.8% increase since midnight UTC, after successfully rebounding 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 now serving as a critical support level that could be essential for Bitcoin's next attempt to surpass the $80,000 mark.
Meanwhile, Ether is trading at $2,344, displaying more bearish signals than Bitcoin, characterized by a series of lower highs since April 17. The overall market is experiencing an uptrend, driven by anticipation of upcoming tech company earnings reports, including those from Alphabet, Microsoft, Amazon, and Meta, all scheduled for release after the market close on Wednesday. Nasdaq 100 futures are up 0.25% in pre-market trading, reflecting the positive market sentiment. Additionally, derivatives positioning and token performance are being closely watched.