Bitcoin is currently trading at approximately $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 last week's rally. This rebound indicates a potential shift towards a bullish trend, with $75,650 now serving as a critical support level that could play a vital role in bitcoin's potential attempt to break through the $80,000 barrier. Meanwhile, Ether is valued at $2,344, displaying more bearish signals than bitcoin, with its chart showing a series of lower highs since April 17. The overall market is experiencing an uptrend as US investors eagerly await a slew of tech company earnings reports, including those from 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, and derivatives positioning is also under scrutiny.