Currently trading at around $77,700, Bitcoin has seen a 1.8% increase since midnight UTC, rebounding from $75,650, a level that previously acted as a resistance point during the 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 be vital for Bitcoin's next attempt to break through the $80,000 barrier. 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 as US investors await the release of earnings reports from 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, reflecting the anticipation.
Additionally, derivatives positioning and token performance are being closely watched.