At approximately $77,700, Bitcoin has experienced a 1.8% increase since midnight UTC, rebounding from the $75,650 mark that previously acted as a resistance point during the prior week's surge. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a pivotal role in Bitcoin's potential push towards the $80,000 threshold. Meanwhile, Ether is valued at $2,344, displaying a more bearish chart pattern than Bitcoin, characterized by a series of declining highs since April 17. The overall market is trending upwards in anticipation of tech company earnings, including reports from Alphabet, Microsoft, Amazon, and Meta, all scheduled for release after the market closes on Wednesday.
Nasdaq 100 futures have risen by 0.25% in pre-market trading, and the derivatives market is experiencing a decrease in risk exposure.